Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Show Attempt History Current Attempt in Progress Cullumber Decor sells home decor items through three distribution channels-retail stores, the Internet, and catalog sales. Each distribution
Show Attempt History Current Attempt in Progress Cullumber Decor sells home decor items through three distribution channels-retail stores, the Internet, and catalog sales. Each distribution channel is evaluated as an investment center. Selected results from the latest year are as follows: Retail Stores Internet Catalog Sales Sales revenue $10,784,800 $3,630,000 $5,109,000 Variable expenses 3,965,000 1,360,000 1,880,000 Direct fixed expenses 4,986,384 957,755 2,907,133 Average assets 7,930,000 3,630,000 1,965,000 Required rate of return 12% 12% 12% (a1) Your answer is correct. Calculate the margin and asset turnover for each of the three distribution channels. (Round answers to 2 decimal places, e.g. 5.12% or 5.12.) Retail Stores Internet Catalog Sales 17 % 36.15 % Margin 6.30 % 1.36 1.0 2.6 Asset turnover e Textbook and Media Attempts: 1 of 3 used (a2) Calculate the ROI for each of the three distribution channels. (Round answers to 2 decimal places, e.g. 5.12%.) Retail Stores Internet Catalog Sales % % % ROI e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started