37. Nantucket Company has two divisions that report on a decentralized basis. Their results for 2016 were as fol- lows: Sales Income Asset base Weighted average cost of capital Required: Compute the following amounts for each division: Return on investment (ROI). Residual income if the desired rate of return is 20 percent. Turnover. Margin for each division. Helmet $150,000 $ 15,000 $ 75,000 12% Ball $300,000 $ 45,000 $150,000 12%
37. Nantucket Company has two divisions that report on a decentralized basis. Their results for 2016 were as fol- lows: Sales Income Asset base Weighted average cost of capital Required: Compute the following amounts for each division: Return on investment (ROI). Residual income if the desired rate of return is 20 percent. Turnover. Margin for each division. Helmet $150,000 $ 15,000 $ 75,000 12% Ball $300,000 $ 45,000 $150,000 12%
Chapter1: Financial Statements And Business Decisions
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