Question: Return on Investment, Margin, Turnover Data follow for the Construction Division of D. Jack Inc.: Year 1 Year 2 Sales $148,500,000 $162,250,000 Operating income 8,910,000
Return on Investment, Margin, Turnover
Data follow for the Construction Division of D. Jack Inc.:
| Year 1 | Year 2 | |||
| Sales | $148,500,000 | $162,250,000 | ||
| Operating income | 8,910,000 | 8,112,500 | ||
| Average operating assets | 337,500,000 | 405,625,000 | ||
(Note: If required, round your answers to two decimal places.)
Required:
1. Compute the margin (as a percent) and turnover ratios for each year.
| Year 1 | Year 2 | |
| Margin | % | % |
| Turnover |
2. Compute the ROI (as a percent) for the Construction Division for each year.
| ROI year 1 | % |
| ROI year 2 | % |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
