Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 07, 2022

Waterway Industries had average operating assets of $ 6200000 and sales of $ 3100000 in 2016. If the controllable margin was $ 930000 , the

Waterway Industrieshad average operating assets of $6200000 and sales of $3100000 in 2016. If the controllable margin was $930000, the ROI was

30%15%60%50%

Step by Step Solution

★★★★★

3.35 Rating (158 Votes )

There are 3 Steps involved in it

Step: 1

Solution The correct answ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A User Perspective

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

6th Canadian Edition

470676604, 978-0470676608

More Books

Students also viewed these Accounting questions

Question

★★★★★

1. Xiao Miao Company had Average Operating Assets of $2,000,000 and sales of $1,000,000 in 2011. If the Controllable Margin was $300,000, the ROI (Return on investment) was A) 60% B) 50% C) 30% D)...

Answered: 1 week ago

Question

★★★★★

Estes Company had average operating assets of $4,000,000 and sales of $1,000,000 in 2002. If the controllable margin was $400,000, the ROI was a. 15% b. 25% c. 40% d. 10%

Answered: 1 week ago

Question

★★★★★

Waterway Industries was organized on January 2, 2021, with 525000 authorized shares of $10 par value common stock. During 2021, Waterway had the following capital transactions: January 5issued 393750...

Answered: 1 week ago

Question

★★★★★

The species-area curve tells us that slowing or halting___________ ___________ will potentially slow the rate of extinction.

Answered: 1 week ago

Question

★★★★★

The article Determination of Most Representative Subdivision (Journal of Energy Engineering [1993]: 43 55) gave data on various characteristics of subdivisions that could be used in deciding whether...

Answered: 1 week ago

Question

★★★★★

You want to design a side looking synthetic aperture ultrasonic radar operating at f0 = 60 KHz and peak power Pt = 2 W. The antenna beam is conical with 3dB beam width 3dB = 5. The maximum gain is...

Answered: 1 week ago

Question

★★★★★

3. Understand the implications of existing findings within the field of suspect interviews.

Answered: 1 week ago

Question

★★★★★

Maloney Pharmaceuticals manufactures an over-the-counter allergy medication called Breathe and is trying to win market share from Sudafed and Tylenol. Maloney Pharmaceuticals has developed several...

Answered: 1 week ago

Question

★★★★★

Jarrod wants to buy a three million dollar farm to breed race horses. He wants to know how many years he must wait if he invests $550,000 a year at rate of 4%

Answered: 1 week ago

Question

★★★★★

make learning more interactive and fun for students, a math teacher decides to teach a concept to students by using Lego blocks. There are 2 rows of legos, rowA ( of length n ) and rows ( of length m...

Answered: 1 week ago

Question

★★★★★

1. Gryphon Consultancy is a computer-consulting firm. It spends considerable time and effort recruiting the best personnel from the United States' leading technical schools. Gryphon employees sign an...

Answered: 1 week ago

Question

★★★★★

The following inventory transactions apply to Willow Company for 2012. The beginning inventory consisted of 175 units at $\$ 34$ per unit. All transactions are cash transactions. Required a. Record...

Answered: 1 week ago

Question

★★★★★

Sphere A carries $6.0 \mathrm{nC}$ of charge. It is placed $100 \mathrm{~mm}$ from sphere B, which carries $3.0 \mathrm{nC}$ of charge. Assume the spheres are much smaller than their separation...

Answered: 1 week ago

Question

★★★★★

The reversible catalytic reaction proceeds with decaying catalyst in a batch reactor (batch-solids, batchfluid). What can you say of the kinetics of reaction and deactivation from the following data:...

Answered: 1 week ago

Question

★★★★★

Design a suitable representation and draw the complete search tree for the following problem: A farmer is on one side of a river and wishes to cross the river with a wolf, a chicken, and a bag of...

Answered: 1 week ago

Question

★★★★★

West Highland Clothiers reported the following items at August 31, 2012 (amounts in thousands, with last years2011amounts also given as needed): Requirement 1. Compute West Highlands (a) acid-test...

Answered: 1 week ago

Question

★★★★★

For the following stable growth firm, calculate: Cost of equity using CAPM, with a risk free rate of 1.2%, a market risk premium 6%, and an equity beta 1.7. (1 mark) Current growth rate with the...

Answered: 1 week ago

Question

★★★★★

Using a graphing utility, graph y = cot -1 x.

Answered: 1 week ago

Question

★★★★★

Explain why companies record a liability when they sell gift cards.

Answered: 1 week ago

Question

★★★★★

Rhaman Company had the following transactions in its first month of operations: 1. The owner invested $10,000 cash in the business, plus some office furniture and equipment that had originally cost...

Answered: 1 week ago

Question

★★★★★

DejaVu Company has been in business for several years and has the following information for its operations in the current year: Total credit sales..$3,000,000 Bad debts written off in the year 60,000...

Answered: 1 week ago

Question

★★★★★

The population of a particular country consists of three ethnic groups. Each individual belongs to one of the four major blood groups. The accompanying joint probability table gives the proportions...

Answered: 1 week ago

Question

★★★★★

Show that . Give an interpretation involving subsets.

Answered: 1 week ago

Question

★★★★★

3. What early experience is necessary to maintain binocular input to the neurons of the visual cortex?

Answered: 1 week ago

Previous Question Next Question