This Question: 5 pts ting Racer Sports Company makes snowboards, downhill skis, cross-country skis, The following divisional information is available for the past year: skateboards, surfboards, and inline skates. The company has found it beneficial to Click the icon to view the information.) split operations into two divisions based on the climate required for the sport: Snow Sports and Non-snow Sports Racer's management has specified a 17% target rate of retum. Read the requirements Requirement 1. Compute each division's asset turnover ratio (round to two decimal places). Interpret your results. Begin by selecting the formula to calculate the asset tumover, and then enter the amounts to calculate each division's asset turnover. = Assot turnover ratio Snow Sports Non-snow Sports ry Based on the divisions' asset tumover rates, we know that the rates the divisions had different ROI's. ces Requirement 2. Use your answers to Requirement 1, along with the profit margin ratio, to recalculate ROI using the expanded formula. Do your answers agree with the basic RON (Enter your answers as a percent rounded to one decimal place, XX%) Modules ROI on Tools Using the expanded formula, the ROI for the Snow Sports division is % 0 Using the expanded formula, the ROI for the Non-snow Sports division is % na reshare with the hoste mort in the rankam in each of the divine? Choose from any list or enter any number in the input fields and then continue to the next question. in by selecting the formula to calculate the asset turnover, and then enter the amounts to calculate each division's asset turnover. = Asset turnover ratio now Sports Mon-snow Sports Based on the divisions' asset turnover rates, we know that the rates the divisions had different ROI's. Requirement 2. Use your answers to Requirement 1, along with the profit margin ratio, to recalculate Rol using the expanded formula. Do your answers agree basic ROI? (Enter your answers as a percent rounded to one decimal place, X.X%.) = ROI Using the expanded formula, the ROI for the Snow Sports division is % Using the expanded formula, the ROI for the Non-snow Sports division is % Does your answers above agree with the basic Rol's provided in the problem for each of the divisions? Choose from any list or enter any number in the input fields and then continue to the next question s snowboards, downhill skis, cross-country skis, The following divisional information is available for th inline skates. The company has found it beneficial to (Click the icon to view the information.) ons based on the climate required for the sport: Roer's management has specified a 17% target rate Sports. Read the requirements. ach division's asset turnover ratio (round to two decimal places). Interpret your results. uld i Data Table Basic Profit Margin asset ROI Ratio Net Sales Operating Average Revenue Income Total Assets $ 5,600,000 $ 1,120,000 $ 4,500,000 8,800,000 1,760,000 6,400,000 24.9% 20 % our and answd Snow Sports Non-snow Sports you 27.5 % 20 % Print Done formula formula, the ROI for the Non-snow Sports division is %. above agree with the basic Rol's provided in the problem for each of the divisions? list or enter any number in the input fields and then continue to the next
