Question
The Cybertronics Corporation reported the following information for its Cyclotron Division: Revenues reported as $2,000,000 Operating costs reported as $1,200,000 Taxable income reported as $400,000
The Cybertronics Corporation reported the following information for its Cyclotron Division:
Revenues reported as $2,000,000
Operating costs reported as $1,200,000
Taxable income reported as $400,000
Operating assets reported as $1,000,000
Income is defined as operating income. What is the Cyclotron Division's return on sales?
Step by Step Solution
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The Cyclotron Divisions return on sales can be calculated by dividing ...
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
