Question

Apple Inc. reports the following for three of its geographic segments for a recent year. ($millions)...

Apple Inc. reports the following for three of its geographic segments for a recent year.

($millions) Americas Europe China
Operating income $ 31,186 $ 16,527 $ 23,002
Sales 93,864 50,337 58,715


Compute profit margin for each division. (Round your answers to 1 decimal place.)

Homework Answers

Answer #1
1)
Americas Europe China
Profit Margin 33.2% 32.8% 39.2%
Working:
Profit Margin = Operating income/Sales
Americas Europe China
Operating income (a) $         31,186 $       16,527 $       23,002
Sales (b) $         93,864 $       50,337 $       58,715
Profit Margin (a) /(b) 33.2% 32.8% 39.2%
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A food manufacturer reports the following for two of its divisions for a recent year. ($millions)...
A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 2,675 $ 4,468 Invested assets, ending 2,599 4,406 Sales 2,687 3,931 Operating income 355 640 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Compute return on investment. (Enter your answers in millions.) Return on Investment Choose Numerator: / Choose Denominator: = Return on Investment Investment Center / =...
A food manufacturer reports the following for two of its divisions for a recent year. ($...
A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Beverage Division Cheese Division Invested assets, beginning $ 2,685 $ 4,480 Invested assets, ending 2,605 4,412 Sales 2,693 3,937 Operating income 361 646 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.
Wildhorse Co. reports the following information (in millions) during a recent year: net sales, $10,959.9; net...
Wildhorse Co. reports the following information (in millions) during a recent year: net sales, $10,959.9; net earnings, $429.8; total assets, ending, $5,070.0; and total assets, beginning, $5,675.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) I need the following help. return on assets in % asset turnover   and profit margin
Crane Company reports the following information (in millions) during a recent year: net sales, $10,177.2; net...
Crane Company reports the following information (in millions) during a recent year: net sales, $10,177.2; net earnings, $246.7; total assets, ending, $5,130.0; and total assets, beginning, $5,150.0. (a) Calculate the (1) return on assets, (2) asset turnover, and (3) profit margin. (Round answers to 1 decimal place, e.g. 6.2% and 6.2.) 1. Return on assets enter the return on assets in percentages rounded to 1 decimal places % 2. Asset turnover enter the asset turnover rounded to 1 decimal places...
The following data were included in a recent Apple Inc. annual report (in millions): 2013 2014...
The following data were included in a recent Apple Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 170,910 $ 182,795 $ 233,715 $ 215,640 Net property, plant, and equipment 16,600 20,624 22,471 27,010 Required: Compute Apple's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
The operating revenues of the three largest business segments for Time Warner, Inc., for a recent...
The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment includes a number of businesses, examples of which are indicated in parentheses. Time Warner, Inc. Segment Revenues (in millions) Turner (cable networks and digital media) $14,218 Home Box Office (pay television) 12,014 Warner Bros. (films, television, and videos) 3,478 Assume that the variable costs as a percent of sales for each segment are as follows: Turner 36% Home Box Office...
A food manufacturer reports the following for two of its divisions for a recent year. ($...
A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Beverage Division Cheese Division Invested assets, beginning $ 2,688 $ 4,481 Invested assets, ending 2,606 4,413 Sales 2,694 3,938 Operating income 362 647 Assume that each of the company’s divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and...
Break-Even Sales BeerBev, Inc., reported the following operating information for a recent year (in millions): Sales...
Break-Even Sales BeerBev, Inc., reported the following operating information for a recent year (in millions): Sales $3,248 Cost of goods sold $812 Gross profit $2,436 Marketing, general, and admin. expenses 522 Income from operations $ 1,914 Assume that BeerBev sold 29 million barrels of beer during the year, that variable costs were 75% of the cost of goods sold and 50% of marketing, general and administration expenses, and that the remaining costs are fixed. For the following year, assume that...
Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division. Furniture...
Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division. Furniture Division: Year 1 Year 2 Sales $32,670,000 $35,000,000 Operating income 1,339,470 1,435,000 Average operating assets 10,000,000 10,000,000 Houseware Division: Year 1 Year 2 Sales $12,260,000 $12,691,000 Operating income 576,220 469,567 Average operating assets 5,000,000 5,000,000 Required: Round the ROI and margin percentages to two decimal places (for example, enter the decimal .10555 as "10.56" percent). Round the turnover ratio to two decimal places. 1....
Megamart, a retailer of consumer goods, provides the following information on two of its departments (each...
Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Investment Center Sales Income Average Invested Assets Electronics $ 40,800,000 $ 3,060,000 $ 17,000,000 Sporting goods 17,680,000 2,210,000 13,000,000 Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar of sales? Which department is most efficient at generating sales from average invested assets? A food manufacturer reports the following for two of...