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Category > Accounting Posted 17 Jul 2017 My Price 4.00

E.F. Lynch Company

Divisional Income Statements and Rate of Return on Investment Analysis

E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 2014, are as follows:

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The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations.

Required:

       

Prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges.

E.F. Lynch Company

Divisional Income Statements

For the Year Ended June 30, 2014
   

Mutual Fund Division
 

Electronic Brokerage Division
 

Investment Banking Division

Fee revenue
 

$
 

$
 

$

Operating expenses
 

$
 
 

$
 

$

Income from operations
 

$
 

$
 

$

2. Using the DuPont formula for rate of return on investment, compute the profit margin, investment turnover, and rate of return on investment for each division. If required, round your final answer to one decimal place.

  Profit Margin Investment Turnover ROI
Mutual Fund Division %   22.4%
Electronic Brokerage Division %   %
Investment Banking Division %   %

Answers

SmartExpert
(118)
Status NEW Posted 17 Jul 2017 12:07 AM My Price 4.00

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Attachments

file 1500251672-E.F. Lynch Company.docx preview (199 words )
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