Queen Company has two divisions, the Domestic Division and the International Division. Last year, the Domestic Division
Question:
Queen Company has two divisions, the Domestic Division and the International Division. Last year, the Domestic Division earned $360,000 using average operating assets of $1,440,000. Sales for the Domestic Division were $3,600,000. Last year, the International Division earned $560,000 using average operating assets of $2,800,000. Sales for the International Division were $7,000,000.
If required, round your answers to one decimal place.
A. For the Domestic Division, margin is %, Turnover is and ROI is %
B. For the International Division, margin is %, Turnover is and ROI is %
C. If these are the only two divisions of Queen Company, what is ROI for Queen Company?
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones