HWCH 24 Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows: Fee revenue Operating expenses Invested assets Mutual Fund Division $1,260,000 680,400 4,600,000 Fee revenue Operating expenses Income from operations Electronic Brokerage Division $1,300,000 547,600 3,800,000 Division Mutual Fund Division Electronic Brokerage Division Investment Banking Division The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 20Y8 Mutual Electronic Investment Fund Brokerage Banking Division Division Division 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department cost allocations. Investment Banking Division $1,280,000 968,000 2,600,000 2. Using the DuPont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. Round your answers to one decimal place. Profit Margin Investment Turnover ROI % 3. When faced with limited funds for expansion, management should consider an expansion of the ( Division first.

Vertical Analysis Two income statements for Upward Company follow: Upward Company Income Statements For the Years Ended December 31 20Y5 20Y4 Fees earned $924,000 $784,000 Operating expenses 545,160 478,240 Income from operations $378,840 $305,760 a. Prepare a vertical analysis of Upward Company's income statements. Enter percents as whole numbers. Upward Company Income Statements For the Years Ended December 31 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent Fees earned $924,000 100 % $784,000 100 % 545,160 0X % 478,240 X % Operating expenses X % $305,760 X % Income from operations $378,840

Segment Revenue Vertical Analysis Newton Corporation is one of the world's largest entertainment companies that includes Gravity films, Apple Broadcasting, Gravity News, the GR, and various satellite properties. The company provided revenue disclosures by its major product segments in the notes to its financial statements as follows: a. Using the revenue disclosures by major product segment listed below, provide a vertical analysis of the product segment revenues. Round all percents to one decimal place. For a Recent Year Major Product Segments (in millions) Percent (%) Cable Network Programming $23,925 Television 8,338 Filmed Entertainment 5,154 Direct Broadcast Satellite Television 4,483 Total revenues of major segments $41,900 %

Required: The following data pertain to three divisions of Nevada Aggregates, Incorporated. The company's required rate of return on invested capital is 10 percent. Note: Round "Capital turnover" answers to 2 decimal places.

Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows:   Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,010,000   $1,060,000   $1,030,000   Operating expenses 492,000   390,400   727,600   Invested assets 3,700,000   3,100,000   2,100,000   The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: Question Content Area 1.  Prepare condensed divisional income statements for the three divisions, assuming that there were no service department cost allocations. E.F. Lynch CompanyDivisional Income StatementsFor the Year Ended June 30, 20Y8   MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee…

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Adrienne is a single mother with a six-year-old daughter who lived with her during the entire year. Adrienne paid $2,650 in child care expenses so that she would be able to work. Of this amount, $780 was paid to Adrienne’s mother, whom Adrienne cannot claim as a dependent. Adrienne had net earnings of $2,200 from her jewelry business. In addition, she received child support payments of $21,400 from her ex-husband. Use Child and Dependent Care Credit AGI schedule. Required: What amount, if any, of child and dependent care credit can Adrienne claim?

Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Υ9 20Y8 Fees earned $1,640,000 $1,300,000 Expenses (869,200) (715,000) Net income $770,800 $585,000 Required: a. Prepare a vertical analysis of Cornea Company's income statements. Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Amount Percent Amount Percent Fees earned $1,640,000 % $1,300,000 % Expenses (869,200) % (715,000) Operating income $770,800 % $585,000 % b. Does the vertical analysis indicate a favorable or an unfavorable trend? Favorable v

Comparative data on three companies in the same service industry are given below:   Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.)   A B C Sales $5,267,000 $1,630,000   Net Operaring Income $737,380 $260,800   Average operating assets $2,290,000   $2,570,000 Margin     6% Turnover     1.60 Return on Investment (ROI)   8%

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