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ROI, Margin, Turnover Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division. Furniture Division: Year 1 Year 2 Sales
ROI, Margin, Turnover Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division. Furniture Division: Year 1 Year 2 Sales $33,250,000 $35,850,000 Operating income 1,463,000 1,577,400 Average operating assets 10,000,000 10,000,000 Houseware Division: Year 1 Year 2 Sales $11,810,000 $12,282,800 Operating income 602,310 503,595 Average operating assets 5,000,000 5,000,000 Required:
ROI, Margin, Turnover Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division. Furniture Division: Year 1 Year 2 Sales $33,250,000 $35,850,000 Operating income 1,463,000 1,577,400 Average operating assets 10,000,000 10,000,000 Houseware Division: Year 1 Year 2 Sales $11,810,000 $12,282,800 Operating income 602,310 503,595 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 Furniture Division. Furniture Division ROI Margin Turnover Year 1 % % Year 2 % % 2. Compute the ROI and the margin and turnover ratios for each year for the Houseware Division. Houseware Division ROI Margin Turnover Year 1 Year 2 % 3. Indicate the reason for change in ROI from Year 1 to Year 2 for the Furniture Division. Indicate the reason for change in ROI from Year 1 to Year 2 for the Houseware DivisionStep by Step Solution
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