Question: Determining Missing Items from Computations Data for the North, South, East and West divisions of Free Bird Company are as follows: Income from Rate of

Determining Missing Items from Computations Data for the North, South, East and West divisions of Free Bird Company are as follows: Income from Rate of Return Sales Invested Profit Investment Operations Assets on Investment Margin Turnover North $860,000 (b) 17.5% 7.09 (c) South (d) $51,300 (e) (f) 4.59 3.8 East $1,020,000 (9) $680,000 15.0% (h) (0) West $1,120,000 $89,600 $560,000 6) (k) (0 a. Determine the missing items, identifying each by the letters (a) through (1). If required, round percents and investment turnover to one decim b. C. d. f. po 9. h. 1. yo k % 1. b. Determine the residual income for each division, assuming that the minimum acceptable rate of return established by management is 12%. Division Residual Income Check My Work 3 more Check My Work uses remaining Calculator West $1,120,000 $89,600 $560.000 0) (k) (1) a. Determine the missing items, identifying each by the letters (a) through (1). If required, round percents and investment turnover to one decimal place. b. C. d. I f. % 9. h. 95 1. 90 k % 1. b. Determine the residual income for each division, assuming that the minimum acceptable rate of return established by management is 12% Division Residual Income North Division South Division East Division West Division c. Which division is the most profitable in terms of (1) return on investment and (2) residual income? Most Profitable 1. Return on Investment Next Check My Work 3 more Check My Work uses remaining Email
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