The following data are for the Akron Division of Consolidated Rubber, Inc: $920,000 $ 62,000 $420,000 $ 92,000 $ 32,000 Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the margin used in ROl calculations was: Multiple Choice 674% 941% 10.00% 10 22%

The following data are for the Akron Division of Consolidated Rubber, Inc: $920,000 $ 62,000 $420,000 $ 92,000 $ 32,000 Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the margin used in ROl calculations was: Multiple Choice 674% 941% 10.00% 10 22%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales Net operating income Average operating assets Stockholders' equity Residual income For the past year, the turnover used in ROI calculations was: Multiple Choice O 1.4 3.0 3.3 $750,000 $ 45,000 $ 250,000 $ 75,000 $ 15,000 10.0
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales Net operating income Average operating assets stockholders' equity $900,000 $ 60,000 $400,000 $ 88,000 $ 30,000 Residual income For the past year, the margin used in ROI calculations was: Multiple Choice 6.67% 9.34% 9.78%
Using the information calculate ROI Income 6,000 Revenue 24,000 Average assets 10,000
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