Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales. Average operating assets Net operating income Property, plant, and equipment (net) Required 1 Required 2 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the better job? Complete this question by entering your answers in the tabs below. Queensland division New South Wales division Queensland $ 1,080,000 $ 600,000 $ 70,200 $ 241,000 Margin Division Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Do not round intermediate calculations. Round your answers to 2 decimal places.) % % Turnover New South Wales $ 2,385,000 $ 530,000 $ 83,475 $191,000 < Required 1 ROI Required 2 > Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Sales. Average operating assets Net operating income Property, plant, and equipment (net) Required 1 Required 2 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the better job? Complete this question by entering your answers in the tabs below. Queensland division New South Wales division Queensland $ 1,080,000 $ 600,000 $ 70,200 $ 241,000 Margin Division Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Do not round intermediate calculations. Round your answers to 2 decimal places.) % % Turnover New South Wales $ 2,385,000 $ 530,000 $ 83,475 $191,000 < Required 1 ROI Required 2 >
Expert Answer:
Answer rating: 100% (QA)
Return on Investment Return on investment is the most popular financial ratio that is used by ... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
Posted Date:
Students also viewed these accounting questions
-
At the end of its fiscal year, Berwyn Cleaners, Inc.'s trial balance is as follows. The following information is also available: a. A study of the company's insurance policies shows that $680 is...
-
An object moving with uniform acceleration has a velocity of 13.0 cm/s in the positive x direction when its x coordinate is 3.30 cm. If its x coordinate 1.95 s later is -5.00 cm, what is its...
-
The following project is at the end of its sixth week. Find the cost and schedule variances. Also find the CPI and SPI. Then find the critical ratio of the project using earned value calculations....
-
Computer Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000 three-year...
-
Classify each of the following as a durable good, a nondurable goods, or a service: a. A gallon of milk b. A lawn mower c. A DVD Player d. A manicure e. A pair of shoes f. An eye exam g. A personal...
-
A balloon containing 5.0 dm3 of gas at 14oC and 100.0 kPa rises to an altitude of 2000. m, where the temperature is 20oC. The pressure of gas in the balloon is now 79.0 kPa. What is the volume of gas...
-
The van der Waals equation of state is given by (a) \(\left(P+\frac{a}{V} ight)(V-b)=R T\) (b) \(\left(P+\frac{a}{V^{2}} ight)(V-b)=R T\) (c) \(\left(P+\frac{a}{V^{2}} ight)(V+b)=R T\) (d) None of...
-
Evaluate American Expresss integration of its various businesses. What recommendations would you make in order to maximize the contribution to equity of all its business units? At the same time, is...
-
1. Give your thoughts on the article. Good, bad, indifferent? 2. What are some 'out of the box' ideas to update capitalism? Read this article:...
-
The Vintage Restaurant is located on Captiva Island, a resort community near Fort Myers, Florida. The restaurant, which is owned and operated by Karen Payne, just completed its third year of...
-
An entity acquires a 6% Rs. 1,000 Term Finance Certificate (TFC), a financial asset, for Rs. 970 at the beginning of Year 1. Interest is receivable annually in arrears. The TFC is redeemable at the...
-
Consider the listing below for 10-year Treasury note futures on the Chicago Board of Trade. One futures contract for Treasury notes = $100,000 face value of 10-year 6% notes. a. If today you bought...
-
Match the following accounting assumptions to the appropriate explanations that follow: Entity Assumption Going-concern assumption Periodicity assumption Monetary unit assumption Stable currency...
-
Review the following technical comments about the presentation methodology for the statement of cash flows. Identify if the comment pertains to the "direct" or "indirect" approach, or "both." The...
-
Use the following information on call and put options for Facebook to answer the questions. a. What is the intrinsic value of the call option that expires in April and has a $17 strike price? b. What...
-
Match the following terms and concepts to the appropriate explanations that follow: International Accounting Standards Board Translation Remeasurement Convergence Reporting currency Local currency...
-
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 128,000 $ 135,000 Accounts receivable...
-
Refrigerant-134a enters an adiabatic compressor as saturated vapor at 120 kPa at a rate of 0.3 m3/min and exits at 1-MPa pressure. If the isentropic efficiency of the compressor is 80 percent,...
-
Jack Knome is chief executive officer of Red Tundra Machinery, Inc. The company adopted a JIT operating environment five years ago. Since then, each segment of the company has been converted, and a...
-
Refer to the CVS annual report in the Supplement to Chapter 1 to answer the following questions. 1. Does CVS use a classified balance sheet? 2. Did CVS's debt to equity ratio change from 2010 to...
-
Rylander Corporation owns 35 percent of the voting stock of Waters Corporation. The Investment account on Rylander's books as of January 1, 2014, was $720,000. During 2014, Waters reported the...
-
Assume that \(y\) is normally distributed with mean \(\mu\) and variance \(\sigma^{2}\). Let \(\phi(\cdot)\) and \(\Phi(\cdot)\) be the standard normal density and distribution functions,...
-
Use equation (17.2) to establish the following distributional relationships that are helpful for calculating quantiles. a. Assume that \(y_{0}=\alpha_{1} F / \alpha_{2}\), where \(F\) has an...
-
Consider a GB2 probability density function given in equation (17.3). a. Reparameterize the distribution by defining the new parameter \(\theta=e^{\mu}\). Show that the density can be expressed as...
Study smarter with the SolutionInn App