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Zooms, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available
Zooms, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year:
(Click the icon to view the information.) Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. higher profit margin ratio helps to account for its higher ROI Requirement 3. Calculate each division's asset turnover ratio. Interpret your results. (Round your answer to two decimal places, X.XX.) The residential division is generating about of net sales revenue for each dollar of average total assets invested. The professional division is generating about of net sales revenue for every dollar of average total assets. The is more efficient First, select the expanded ROI formula. =ROI Data table The residential division is earning about g of operating income on each dollar of net sales revenue whereas the professional division is earning about $ of operating income on each dollar of net sales revenue. The higher profit margin ratio helps to account for its higher ROI. Requirement 3. Calculate each division's asset turnover ratio. Interpret your results. (Round your answer to two decimal places, X.XX.) professional division's residential division's The residential division is generating about of net sales revenue for each dollar of average total assets invested. The professional division is generating about of net sales revenue for every dollar of average total assets. The is more efficient First, select the expanded ROI formula. The ROl for the residential division is % Does your answer above agree with the basic ROI for the residential division you calculated in Requirement 1? The ROl for the professional division is % Does your answer above agree with the basic ROl for the professional division you calculated in Requirement 1Step by Step Solution
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