Question: A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of

A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of $927,800 and segment operating income of $298,300. Segment B had average assets of $594,650 and segment operating income of

$292,400. The segment return on assets for Segment A is:

A) 60.9%. B) 38.8%. C) 32.2%. D) 49.2%. E) 50.5%.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

115.If a company issues a check for $2,900 in payment of merchandise, identify the journal the transaction would be recorded in. A.Cash disbursements journal. B.Sales journal. C.Cash receipts...

If you could answer all 4 that would be greatly appreciated, thanks 1. Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 14 units at...

1. A company that reports segment information had average total assets of $1,558,450 and total net income of $644,700. Segment A had average total assets of $945,800 and segment operating income of...

1. On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit...

If you could answer all 4 that would be greatly appreciated, thanks. 1. A company had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, it purchased 11 units at $10 each....

A company that reports segment information had average total assets of $1,560,450 and total net income of $647,700. Segment A had average total assets of $946,800 and segment operating income of...

A company that reports segment information had average total assets of $1,546,450 and total net income of $626,700. Segment A had average total assets of $939,800 and segment operating income of...

A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of $927,800 and segment operating income of...

Develop a chart of Director's financial presentation based on the Case Example, displayed in our text in Appendix Chapter 9-A, for Harris Memorial Hospital and Harris Community Foundation's Audited...

a. Using Hatfield's data and its industry averages, how well run would you say Hatfield appears to be in comparison with other firms in its industry? What are its primary strengths and weaknesses? Be...

Block 1, with mass m1 and speed 4.0 m/s, slides along an x axis on a frictionless floor and then undergoes a onedimensional elastic collision with stationary blo ck 2, with mass tnz: 0.40m1. The two...

Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: 25 pizzas at $10 each Apartment rent, $600 per month Gasoline...

FCC Tutorial Services Vrtual Hub for Students Net - Tutor ( 2 4 / 7 ) Virtual Tutoring Question 2 2 . 5 pts The cost objectis ) of the departmental overhead rate method is: The production departments...

The bakery has 1 0 0 0 hours weekly for decorating and 8 0 0 hours for baking. Due to market demand constraints, the bakery should not produce more than 4 0 0 chocolate cakes per week. Hence, the...

4 What might be done to improve the success of training and development in your organisation?

Do you strive to create a diverse workforce?

10 What are the potential benefits of training: (a) for individuals; (b) for organisations?