Maurice Tutor

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Category > Accounting Posted 08 Aug 2017 My Price 7.00

Free Ride Bike Company

Divisional performance analysis and evaluation

The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement data for the past year for each division are as follows:

 

 

road bike Division   Mountain bike Division

 

Sales                                                                      $1,728,000                                  $1,760,000

Cost of goods  sold                                         1,380,000                                    1,400,000

Operating  expenses                                         175,200                                        236,800

Invested assets                                                 1,440,000                                        800,000

 

1.     Prepare condensed divisional income statements for the year ended  December  31, 2016, assuming that there were no service department charges.

2.     Using the DuPont formula for rate of return on investment, determine the profit mar- gin, investment turnover, and rate of return on investment for each division.

3.     If management’s minimum acceptable rate of return is 10%, determine the residual income for each division.

4.     Discuss the evaluation of the two divisions, using the performance measures determined in parts (1), (2), and (3).

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 05:08 PM My Price 7.00

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