10 Jan The West Division
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:
27.0%
9.0%
51.0%
17.0%
2.
Given the following data:
Return on investment
36%
Turnover
2.7
Margin
10%
Sales
$270,000
Average operating assets
$75,000
Minimum required rate of return
19%
The residual income would be:
$12,750
$0
$19,500
$24,300
3.
Cabal Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating income of $2,597,140, and average operating assets of $5,708,000. The company’s minimum required rate of return is 10%.
The division’s margin is closest to:(Round your answer to 1 decimal place.)
9.1%
45.5%
91.0%
20.0%
4.
The West Division of Frede Corporation had average operating assets of $667,000 and net operating income of $146,000 in December. The minimum required rate of return for performance evaluation purposes is 23%.
What was the West Division’s minimum required return in December?
$146,000
$153,410
$33,580
$186,990
5.
Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000.
Last year at Uptown the return on investment was:
8%
12%
20%
40%
6.
The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%.
What was the West Division’s minimum required return in December?
$112,000
$120,800
$131,328
$19,328
7.
The West Division of Frede Corporation had average operating assets of $700,000 and net operating income of $120,800 in December. The minimum required rate of return for performance evaluation purposes is 16%.
What was the West Division’s residual income in December?
$8,800
($19,328)
($8,800)
$19,328
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