using requirement 1, along with the profit margin ratio, to recalculate ROI using the expanded formula.
please answer reuqirement 2, if you have time please double check me on section 1
The followin (Click to Speedy Sports Company makes snowboards, downhill skis, cross country skis, skateboards, surfboards, and inline skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport Snow Sports and Non-snow Sports Spa Data Tat Read the res 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 turnover, and then enter the amounts to calculate each division's asset turnover Not sales revenue Average total assets Asset turnover ratio Snow Sports 5400000 5410000 1.32 Non-stow Sports 8200000 6000000 137 Based on the divisions' assot tumover rates, we know that the rates were not the reason the divisions had different ROI's Requirement 2. Use your wors to Requirement 1, along with the profit margin ratio forecalculate ROI using the expanded formula Do your answ ROI Using the expanded formula, the ROI for the Snow Sports division is 96 Using the expanded formulate ROI for the Non snow Sports division is 90 Does your answers above agree with the basic or provided in the problem for each of the divisions? The following divisional information is available for the past year Click the icon to view the information.) Spe Data Table Jement has specified a 15% target rate of return 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 turnover, and then enter the amounts to calculate each division's asset turnover Net sales revenue Average total assets Asset turnover ratio Snow Sports 5400000 5410000 1.32 Non-snow Sports B200000 6000000 1.37 Based on the divisions asset utover rates, we know that the rates were not the reason 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 ansv ROI Using the expanded formula, the ROI for the Snow Sports divisions Using the expanded formula, the Rol for the Non-snow Sports divisions Does your answers above agree with the basic Ror's provided in the problem for each of the divisions - Data table 00 Basic Profit Margin ROI Ratio Net Sales Operating Average Revenue Income Total Assets $ 5,400,000 $ 972,000 $ 4,100,000 8,200,000 1,476,000 6,000,000 pur answ 23.7% 18 % Snow Sports Non-snow Sports 24.6% 18 %