Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

Spar Company has calculated the following ratios for one of its investment centers: Margin............. 25% Turnover... .......... 0.5 times What is Spar's return on investment

Spar Company has calculated the following ratios for one of its investment centers: Margin............. 25% Turnover... .......... 0.5 times What is Spar's return on investment for this investment center? 50.0% 12.5% 15.0% 25.0%

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

Recommended Textbook for

Excel For Auditors

Authors: Bill Jelen, Dwayne K. Dowell

1st Edition

1932802169, 978-1932802160

More Books

Students also viewed these Accounting questions

Question

★★★★★

The first part of the case, presented in Chapter 7, discussed the situation of Computron Industries after an expansion program. A large loss occurred in 2012, rather than the expected profit. As a...

Answered: 1 week ago

Question

★★★★★

Statistics Canada reported from a recent census that for the categories (Catholic, Protestant, Other Christian, Muslim, Jewish, None, Other) for religious affiliation, the relative frequencies were...

Answered: 1 week ago

Question

★★★★★

Developmental psychopathologists believe that development is shaped by multiple factors (e.g., biological, psychological, social), it is probabilistic rather than predetermined, and it is...

Answered: 1 week ago

Question

★★★★★

How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?

Answered: 1 week ago

Question

★★★★★

The partnership agreement of Angela and Dawn has the following provisions: 1. The partners are to earn 10 percent on the average capital. 2. Angela and Dawn are to earn salaries of $26,500 and...

Answered: 1 week ago

Question

★★★★★

1) Given a sequence of numbers: (3 Marks) 11, 6, 8, 19, 4, 10, 5, 17, 43, 49, 31 Construct a binary search tree by inserting the above numbers from left to right. ii) is the following tree a complete...

Answered: 1 week ago

Question

★★★★★

Q2 The following system works to lift a specific load. It transmits the movement from the worm (A, 600rpm) to the worm gear (B, 90 teeth) and then to the small sprocket (C, 40 teeth) attached to it...

Answered: 1 week ago

Question

★★★★★

Digna Co., a subsidiary of Shell Corpo. Began operations at the beginning of 2014. The functional currency of Digna Co. is the Italian lira; the functional currency and reporting currency of Jill...

Answered: 1 week ago

Question

★★★★★

For many years professional football players have earned on average less than half of what professional baseball players earned. Using economic reasoning, how can this fact be explained?

Answered: 1 week ago

Question

★★★★★

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning...

Answered: 1 week ago

Question

★★★★★

Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses...

Answered: 1 week ago

Question

★★★★★

(Appendices) Copy the ingredients from the labels of the following products: (a) deodorant, (b) liquid cleaning product, (c) bug spray, and (d) breakfast cereal. Do any of the labels carry warnings?...

Answered: 1 week ago

Question

★★★★★

(Appendices) ADJUSTING ENTRIES AND PREPARATION OF FINANCIAL STATEMENTS. Sacramento Stores unadjusted trial balance as of December 31, 19x2, appears below: The following information is also available...

Answered: 1 week ago

Question

★★★★★

(Appendices) PURCHASES RECORDED NET. Clean Wheels Car Wash purchased $54,200 (list price) of soap for its car-washing machines. The seller offered credit terms of 2/10, n/20. Clean Wheels records...

Answered: 1 week ago

Previous Question Next Question