The Balance Sheet for the A Division of Asian Artifacts Company showed Invested Assets of $300,000...
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The Balance Sheet for the A Division of Asian Artifacts Company showed Invested Assets of $300,000 at the Beginning of the year and $500,000 at the End of the year. During the year, the A Division's Operating Income was $80,000 on Sales of $1,200,000. Compute the following performance measures for the A Division: a. Profit Margin; ). Asset Turnover; c. Return on Assets; Compute Asian Artifacts Company's EVA if Total Corporate Assets are $6,000,000, Current liabilities are $800,000, After-Tax Operating Income is $750,000, and the Cost of Capital is 12%. The Balance Sheet for the A Division of Asian Artifacts Company showed Invested Assets of $300,000 at the Beginning of the year and $500,000 at the End of the year. During the year, the A Division's Operating Income was $80,000 on Sales of $1,200,000. Compute the following performance measures for the A Division: a. Profit Margin; ). Asset Turnover; c. Return on Assets; Compute Asian Artifacts Company's EVA if Total Corporate Assets are $6,000,000, Current liabilities are $800,000, After-Tax Operating Income is $750,000, and the Cost of Capital is 12%.
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