Question
Ross Inc. operates with three divisions: Hattan, Karlan and Quix. Below are selected results for each division over the last two fiscal years. a. Calculate
Ross Inc. operates with three divisions: Hattan, Karlan and Quix. Below are selected results for each division over the last two fiscal years. a. Calculate Return on Assets (ROA) for Ross Inc. in 2022 and 2021 (report percentages rounded two decimals). b. Calculate Return on Sales (ROS) for Ross Inc. in 2022 and 2021 (report percentages rounded two decimals). c. Industry Averages are 15% for ROA and 10% for ROS in 2022 and 2021. Discuss Ross Inc.s performance trends and results compared to industry averages (discuss performance, do not repeat calcs from above). Revenues: 2022 2021 Hattan 22,500,000 19,600,000 Karlan 15,300,000 12,500,000 Quix 9,500,000 8,700,000 Operating Income: Hattan 1,900,000 1,800,000 Karlan 1,100,000 900,000 Quix 1,100,000 1,050,000 Average Total Assets: Hattan 10,000,000 9,500,000 Karlan 8,000,000 6,500,000 Quix 4,500,000 4,300,000 Number of Managers: Hattan 15 5 Karlan 9 10 Quix 12 10
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