The following information pertains to the three divisions of Merrymount Company: Division X Division Y Division Z
Fantastic news! We've Found the answer you've been seeking!
Question:
The following information pertains to the three divisions of Merrymount Company: Division X Division Y Division Z Sales ? ? 1,250,000 Net operating income $36,000 $25,000 $75,000 Average operating assets 300,000 ? ? Return on investment ? 20% 15% Margin 0.10 0.05 ? Turnover 1.5 ? ? Target ROI 15% 12% 10% What are the average operating assets for Division Y?
a. $208,333
b. $5,000
c. $25,000
d. $125,000
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date: