Question

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.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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 $ 2,688 $ 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...
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...
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...
APPLY THE CONCEPTS: Calculating return on investment The divisional income statements for three divisions of the...
APPLY THE CONCEPTS: Calculating return on investment The divisional income statements for three divisions of the Chung Company are shown. Chung Company Divisional Income Statements For the Year Ending December 31, 2013 Division A Division B Division C Sales Revenue $868,600 $1,213,000 $283,500 Operating expenses (512,474) (909,750) (150,255) Operating income before service department charges $356,126 $303,250 $133,245 Service department charges (225,836) (157,690) (93,555) Operating income $130,290 $145,560 $39,690 Additional financial data from the three divisions of the Chung Company are...
Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances...
Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Division Cleaning Products Division Sales $41,604,000 $34,800,000 Operating income 3,744,360 1,392,000 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, calculate: a. Average operating assets $ ____ b. Margin ____ % c. Turnover d. Return on investment (ROI) ____ % 2. For the Cleaning Products Division, calculate: a. Average operating assets $ ____ b....
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.)
Divisional income statements and return on investment analysis The Crunchy Granola Company is a diversified food...
Divisional income statements and return on investment analysis The Crunchy Granola Company is a diversified food company that specializes in all natural foods. The company has three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y7, are as follows: Cereal Division                   Snack Cake Division         Retail Bakeries Division Sales                                      $28,000,000                        $8,300,000                           $10,050,000 Cost of goods sold            16,970,000                           5,875,000                             7,095,000 Operating expenses       7,630,000                             2,245,000                             2,572,500 Invested assets                 10,300,000                          ...
The Crunchy Granola Company is a diversified food company that specializes in all natural foods. The...
The Crunchy Granola Company is a diversified food company that specializes in all natural foods. The company has three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y7, are as follows: Cereal Division Snack Cake Division Retail Bakeries Division Sales $26,300,000 $8,300,000 $9,850,000 Cost of goods sold 16,660,000 5,535,000 6,780,000 Operating expenses 8,325,000 2,018,000 2,282,000 Invested assets 6,575,000 2,766,667 4,925,000 The management of The Crunchy Granola...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT