Noriaki's Canning manufactures cans used in a variety of industries. The company split its operations into...

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Noriaki's Canning manufactures cans used in a variety of industries. The company split its operations into two divisions: beverages and food products. The information for the past year is as follows: Net Sales Operating Income Average Total Assets Beverages $1,499,000 $271,300 Food Products $2,226,900 $428,200 $665,400 $950,800 Noriaki's Canning management has targeted a 33% rate of return. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Calculate each division's ROI. Division Beverages Food Products Operating Income / Average Total Assets = ROI (%) 2. Calculate each division's profit margin ratio. Division Operating Income / Net Sales =Profit Margin Ratio (%) Beverages Food Products 3. Compute each divisions' assets turnover ratio. = Division Net Sales 7 Average Total Assets = Asset Turnover Ratio Beverages Food Products 4. Using the information from Steps 2 & 3, double check your ROI as computed in Step 1. (Note: these values are using rounded answers and therefore the final percent may be slightly different due to rounding errors.) Division Profit Margin Ratio (%) X Asset Turnover Ratio = ROI (%) Beverages Food Products X Noriaki's Canning manufactures cans used in a variety of industries. The company split its operations into two divisions: beverages and food products. The information for the past year is as follows: Net Sales Operating Income Average Total Assets Beverages $1,499,000 $271,300 Food Products $2,226,900 $428,200 $665,400 $950,800 Noriaki's Canning management has targeted a 33% rate of return. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Calculate each division's ROI. Division Beverages Food Products Operating Income / Average Total Assets = ROI (%) 2. Calculate each division's profit margin ratio. Division Operating Income / Net Sales =Profit Margin Ratio (%) Beverages Food Products 3. Compute each divisions' assets turnover ratio. = Division Net Sales 7 Average Total Assets = Asset Turnover Ratio Beverages Food Products 4. Using the information from Steps 2 & 3, double check your ROI as computed in Step 1. (Note: these values are using rounded answers and therefore the final percent may be slightly different due to rounding errors.) Division Profit Margin Ratio (%) X Asset Turnover Ratio = ROI (%) Beverages Food Products X