Comparative data on three companies in the same service industry are given below. Required: 2. Fill...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Answer is not complete. Company B Sales $ 4,900,000 $ 1,152,000 Net operating income 24 833,000 24 126,720 Average operating assets $ 1,960,000 17 O % 5,576 O % 557,568.00 8 $ 2,660,000 Margin 11 % Turnover 2.50 2.20 Return on investment (ROI) 42.50 4.40 % % Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Answer is not complete. Company B Sales $ 4,900,000 $ 1,152,000 Net operating income 24 833,000 24 126,720 Average operating assets $ 1,960,000 17 O % 5,576 O % 557,568.00 8 $ 2,660,000 Margin 11 % Turnover 2.50 2.20 Return on investment (ROI) 42.50 4.40 % %
Expert Answer:
Answer rating: 100% (QA)
Margin Net Operating Income Sales x 100 Turnover Sales Average Operat... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Comparative data on three companies in the same service industry are given below: Required: 1. What advantages are there to breaking down the ROI computation into two separate elements, margin and...
-
Comparative data on three companies in the same service industry are given below: Required: 1. What advantages are there to breaking down the ROI computation into two separate elements, margin and...
-
Income statements for two different companies in the same industry are as follows: Required: 1. Compute the degree of operating leverage for each company. 2. Compute the break-even point for each...
-
Find the point (a, b) on the graph of y = ex where the value ab is the least.
-
Louisa is an avid cyclist who is currently working on her business degree. She normally rides an $ 800 bike to class. If Louisa locks her bike carefullylocks both wheelsthe chance of theft for the...
-
1. Are we obliged to meet the requirements of financial backers when sourcing capital? Please detail your answer. 2. What is the purpose of making variations or changes to a business plan? 3. Outline...
-
Accurate recording within general ledger control accounts does not necessarily mean that billing, collection, and adjustment transactions will be posted accurately to individual customer accounts....
-
Central Laundry and Cleaners is considering replacing an existing piece of machinery with a more sophisticated machine. The old machine was purchased 3 years ago at a cost of $50,000, and this amount...
-
Last month when Holiday Creations, Inc., sold 43,000 units, total sales were $172,000, total variable expenses were $142,760, and fixed expenses were $38,500. Required: 1. What is the company's...
-
The performance (in thousands of dollars) of Sandpiper Airlines for the most recent year is shown in the following table: The static budget had been based on a budget of $.35 revenue per passenger...
-
4. A page reference stream is ABCDABE ABC DEBAB. Calculate the number of page faults under a) FIFO) LRU and c) Optimal if there are 3 physical page frames available. 5. For a single level page table...
-
How did the Protestant view of marriage differ from the Catholic Church's? What impact did this have on divorce law?
-
What is a lien, and what role does it have in the child support context?
-
What remedies were available from the ecclesiastical courts for an unhappy marriage?
-
What are the key fault grounds? What are the requirements for each one?
-
What are the two different approaches to distribution of a pension? What are the relative advantages and disadvantages of each approach?
-
The capital intensity ratio is generally defined as follows: a. Sales divided by total assets, i.e., the total assets turnover ratio. b. The ratio of sales to current assets. c. The amount of assets...
-
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
-
Maxwell Company manufactures and sells a single product. The following costs were incurred during the companys first year of operations: VARIABLE COSTS PER UNIT: Manufacturing: Direct materials. . ....
-
In response to a request from your immediate supervisor, you have prepared a CVP graph portraying the cost and revenue characteristics of your companys product and operations. Explain how the lines...
-
Why is the sales forecast the starting point in budgeting?
-
LDDS continued to publicly report increasing profits and sales in the financial statements, which allowed it to acquire more companies with no limit to the growth of its stock price. True/False
-
WorldCom overstated its sales by holding its books open at the close of a reporting period. True/False
-
WorldCom overstated its earnings by improper accounting for multiple element contracts. True/False
Study smarter with the SolutionInn App