Question

1. Wellington Woolens Company reported a 6% operating margin on sales, a 12% pretax operating return on total assets, and $500 million of average total assets. Compute the
(a) Operating income,
(b) Total sales, and
(c) Total asset turnover.
2. Osaka Electronics Corporation reported ¥200 million of sales, ¥20 million of operating income, and a total asset turnover of four times. (¥ is Japanese yen.) Compute the
(a) Total assets,
(b) Operating return on sales, and
(c) Pretax operating return on total assets.



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  • CreatedNovember 19, 2014
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