The following information applies to the two sales divisions of Ward Enterprises: Required: 1. Calculate each division's
Question:
The following information applies to the two sales divisions of Ward Enterprises:
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Required:
1. Calculate each division's revenue.
2. Calculate each division's asset turnover ratio assuming that controllable assets include inventory only.
3. Interpretive Question: Which division had the better performance for the period?Why?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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1 2 Since Joliet and Wheaton are simply sales divisions ...View the full answer
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