Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ROI, Margin, Turnover Allard, Inc., presented two years of data for its Frozen Foods Division and its Canned Foods Division. Frozen Foods Division: Year 1

image text in transcribed

ROI, Margin, Turnover Allard, Inc., presented two years of data for its Frozen Foods Division and its Canned Foods Division. Frozen Foods Division: Year 1 Year 2 Sales $32,680,000 $35,140,000 1,274,520 1,370,460 Operating income Average operating assets 10,000,000 10,000,000 Canned Foods Division: Year 1 Year 2 Sales $12,450,000 $12,976,600 Operating income 597,600 493,111 Average operating assets 5,000,000 5,000,000 Required: Round the ROI and margin percentages to two decimal places (for example, enter the decimal .10555 as "10.56" percent). Round the turnover ratio to two decimal places. 1. Compute the ROI and the margin and turnover ratios for each year for the Frozen Foods Division. Frozen Foods Division ROI Margin Turnover Year 1 % % Year 2 % 2. Compute the ROI and the margin and turnover ratios for each year for the Canned Foods Division. Canned Foods Division ROI Margin Turnover Year 1 % % Year 2 % 3. Indicate the reason for change in ROI from Year 1 to Year 2 for the Frozen Foods Division. Indicate the reason for change in ROI from Year 1 to Year 2 for the Canned Foods Division. 4. Which of the data analytic types-descriptive, diagnostic, predictive or prescriptive-is Allard using in comparing Year 1 to Year 2 for the ratios

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing IT Infrastructures For Compliance

Authors: Robert Johnson, Marty Weiss, Michael G. Solomon

3rd Edition

1284236609, 9781284236606

More Books

Students also viewed these Accounting questions