CourseLover

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Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 21 Dec 2017 My Price 10.00

income statement for the company’s most recent year

Hello, I need help with more accounting questions. 14 total.

 

1. Given the following data: Average operating assets $504,000 Total liabilities $23,520 Sales $168,000 Contribution margin $85,680 Net operating income $45,360 Return on investment (ROI) would be: A. 27.0% B. 9.0% C. 51.0% D. 17.0% 2. Given the following data: Return on investment 35% Turnover 2.9 Margin 11% Sales $140,000 Average operating assets $44,000 Minimum required rate of return 18% The residual income would be: A. $7,480 B. $0 C. $10,560 D. $9,800 3. Cabal Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: (Round your answer to 1 decimal place.) A. 6.2% B. 28.2% C. 41.3% D. 22.0% 4. The West Division of Frede Corporation had average operating assets of $676,000 and net operating income of $145,000 in December. The minimum required rate of return for performance evaluation purposes is 23% A. $145,000 B. $155,480 C. $33,350 D. $188,830
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Answers

CourseLover
(12)
Status NEW Posted 21 Dec 2017 04:12 PM My Price 10.00

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