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The following financial information is provided for Some Company: Assets Cash Accounts receivable Inventory Some Company Balance Sheet Beginning Balance Active Plant, Property &
The following financial information is provided for Some Company: Assets Cash Accounts receivable Inventory Some Company Balance Sheet Beginning Balance Active Plant, Property & Equipment (gross) Accumulated Depreciation Undeveloped & Idle Buildings (gross) Accumulated Depreciation Investment in Different Company Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Common Stock & Retained Earnings. Total liabilities and stockholders' equity Some Company Income Statement Revenues Variable Expenses. Contribution Margin Fixed Expenses Net operating income Interest and taxes: $ 799,776 $ 471,868 $ 327,908 $ 111,759 $ 216,149 Interest expense. $ 15,000 Tax expense Net income $ 30,000 $ 45,000 $ 171,149 Ending Balance $ 75,250 $ 83,500 $ 25,125 $ 23,695 $ 9,250 $ 10,350 $ 498,250 $ 550,000 $ 298,950 $ 385,000 $ 250,000 $ 215,000 $ 25,000 $ 21,500 $ 14,000 $ 15,500 $ 547,925 $ 491,545 $ 30,000 $ 37,350 $ 295,000 $ 295,000 $ 222,925 $ 159,195 $ 547,925 $ 491,545 The "Investment in Different Company," on the balance sheet represents an investment in the stock of a another company. Required: 1. What is Some Company's margin (aka return on sales)? (Round to the nearest whole percent) 2. What is the average value of Some Company's operating assets for this fiscal year? 3. What is Some Company's turnover (aka investment turnover)? (Round to 2 decimal places.) 4. What is Some Company's return on investment? (Round to the nearest whole percent.) 1. Margin (aka return on sales) 2. Average operating assets 3. Turnover (aka investment turnover) 4. Return on investment (ROI)
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