Performance Aid, Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past
Question:
Performance Aid, Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here:
Required
1. Complete the table by filling in the blanks.
2. Use the DuPont method of profitability analysis to explain changes in the operating-income-to-total assets ratios over the 2015-2017 period for each division and for Performance Aid as a whole. Comment on the results.
Operating Operating Operating IncomelRevenues Incomel Operating Operating TotalOperating Total IncomeRevenues |Assets Revenues Assets Total Assets 2 Test Preparation Division 2015 2016 2017 Language Arts Division 2015 2016 2017 Performance Aid, Inc 2015 2016 2017 $ 630 990 1,110 7,500 $1,500 11% 12% 4 44.0% 5.0 6 S 650 3,000 | 1,875| 22.5% 2,500 2.0 25.0% $1,280$10,100$3,125 13
Step by Step Answer:
1 Operating Income Operating Revenues Total Assets Operating Income Operating Revenues Operating Rev...View the full answer
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 978-0134475585
16th edition
Authors: Srikant M. Datar, Madhav V. Rajan
Related Video
The Dupont analysis is an expanded return on equity formula, calculated by multiplying the net profit margin by the asset turnover by the equity multiplier. The DuPont analysis is also known as the DuPont identity or DuPont model.This Video will guide on how to calculate return on Equity and estimate profitability of shareholders using DuPont Analysis.
Students also viewed these Cost Accounting questions
-
Learning World, Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here: REQUIRED 1. Complete the table by filling in...
-
Learning World Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here: Required 1. Complete the table by filling in...
-
Global Data, Inc, has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here: 1. Complete the table by filling in the blanks....
-
Majan International School, Muscat conducts online classes and online exams for its students due to Covid 19 pandemic situation. It uses its own online Learning Teaching Management system namely...
-
A spherical shell of copper with an outer diameter of 12 cm floats on water with half its volume above the water surface. Determine the inner diameter of the shell.
-
A car was purchased for $1500 down and payments of $265 at the end of each month for four years. Interest is 9% compounded quarterly. (a) What was the purchase price of the car? (b) How much interest...
-
Formally show that \[ D_{i}=\frac{r_{i}}{p} \frac{h_{i i}}{1-h_{i i}} \]
-
In 2014 Nor-craft Sisters Construction agreed to construct a residence hall at University of the North at a price of $8,500,000. The information relating to the costs and billings for this contract...
-
You want to begin saving for your daughter to go to graduate school at Oklahoma starting 10 years from now. You expect that you will need to make tuition payments of $3.000 per month for the two...
-
What is the independent variable in the experiment described in the Rocket Fuel case? a). What type of data (nominal, ordinal, interval, ratio) is the independent variable? b). What is the dependent...
-
Return on investment (ROI) is often expressed as follows: Required 1. What advantages are there in the breakdown of the computation into two separate components? 2. Fill in the blanks for the...
-
The Sports Equipment Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product- AccuDriver, a golf club that uses global...
-
What is contingent selection?
-
Briefly describe the content of debit entry and credit entry?
-
Students of accounting sometimes suggest that teaching more courses in ethics will produce more ethical behavior in accounting Do you believe this suggestion has merit?
-
Mollie earns $ 6 1 4 each week working her full time job. Her employer has a 1 5 . 4 % tax deduction on all monies earned each week. Calculate the tax deduction Mollie paid for that week. Round the...
-
Would the amount paid for postage be classified as an asset, a liability, capital, revenue, or an expense?
-
Last month, a manufacturing company had the following operating results: Beginning finished goods inventory $ 7 2 , 7 0 0 Ending finished goods inventory $ 7 2 , 8 0 0 Sales $ 4 6 6 , 0 0 0 Gross...
-
You are the accountant at Indigo. Refer to Appendix III for Indigos Consolidated Balance Sheet as at March 31, 2018. Your manager has assigned you the following tasks. a. Calculate the current ratio,...
-
Which of the following gives the range of y = 4 - 2 -x ? (A) (- , ) (B) (- , 4) (C) [- 4, ) (D) (- , 4] (E) All reals
-
Applewhite Corporation, a manufacturing company, is analyzing its cost structure in a project toachieve some cost savings. Which of the following statements is/are correct? I. The cost of the direct...
-
Comprehensive Care Nursing Home is required by statute and regulation to maintain a minimum 3 to 1 ratio of direct service staff to residents to maintain the licensure associated with the Nursing...
-
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are...
-
According to the Hawail Wildlife Fund, North Pacific Humpback Whales migrate from the icy waters around Alaska during the fall to spend the winter in Hawaii where they mate, give birth, and nurture...
-
Find the limit 4 lim (x -2x32x + x 1) =? 2+1 -
-
Train-the-trainer manual for the training and development department within your organization or for one with which you are familiar. Your trainers will soon be responsible to train the staff about...
Study smarter with the SolutionInn App