Question: PART A & B ARE BOTH WORTH 6 MARKS AND ARE NOT RELATED COMPANIES Part A LAURA Industries is a division of a major corporation.
PART A & B ARE BOTH WORTH 6 MARKS AND ARE NOT RELATED COMPANIES Part A LAURA Industries is a division of a major corporation. Last year the division had total sales of $30,506,550, net operating income of $4,484,463, and average operating assets of $7,013,000. The company's minimum required rate of return is 19%. Required: Round your answer to 2 decimal places.) a. What is the division's margin? b. What is the division's turnover? c. What is the division's return on investment (ROI)? PART B DALLAS Corporation has two major business segments--Shoes and Accessories. Data concerning those segments for December appear below: Sales revenues, Shoes $707,000 Variable expenses, Shoes $398,000 Traceable fixed expenses, Shoes $ 176,000 Sales revenues, Accessories Variable expenses, Accessories Traceable fixed expenses, Accessories $858,000 $522,000 $ 151,000 Common fixed expenses totaled $286,000 and were allocated as follows: $94,000 to the Shoes business segment and $192,000 to the Accessories business segment. Required: Prepare a segmented income statement in the contribution format for the company
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