The Holmes Division recorded operating data as follows for the past year: Sales Operating Income Average Operating Assets Shareholders' Equity Residual Income $200,000 $ 25,000 $100,000 $ 80,000 $ 13.000 For the past year, what was the minimum required rate of return? A) B) C) D) 12%. 11%. 14%. 13%.
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- a. D supplied following data are for the latest year of operations: Sales ₱24,480,000; Operating income ₱1,738,080; Average operating assets ₱6,000,000. Required rate of return 16% 1. What is D's ROI? 1. What is D's residual income?Use the following information to answer question 4-5. Operating data of Peter Company for last year follows: Sales $900,000 Stockholders' equity $500,000 Return on investment 12% Turnover 1.5 Minimum required rate of return Total assets 10% $800,000 The average operating assets amounted to: A. $400,000 B. $500,000 C. $600,000 D. $800,000 5. The residual income amounted to: A. $10,000 B. $12,000 C. $18,000 D. $16,000Operating data from Tindall Company for last year follows: Sales.... $900,000 $500,000 Stockholders' equity Return on investment. 12% Average operating assets 2 Turnover. Residual income. Minimum required rate of return.... Total assets The average operating assets amounted to: Select one: a. $600,000 b. $400,000 c. $500,000 d. $800,000 1.5 ? 10% $800,000
- 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 minimum required rate of return was: Multiple Choice O O 22.07% 42.00% 7.04% $ 810,000 $ 57,000 $ 310,000 $ 81,000 $ 21,000 11.61%Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %Following are financial statement numbers and ratios for Martin Corp. for the year ended December 31, Year 1. Total revenue (in millions) $47,248 Net operating profit margin (NOPM) 8.8% Net operating asset turnover (NOAT) 3.3 If we expected revenue growth of 3.5% in the next year, what would projected revenue be for Year 2? Select one: a. $47,248.0 b. $44,598.3 c. None of these are correct d. $48,901.7 e. $53,205.0
- Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%AMT. Inc.'s net income for this quarter is $500,000. The publicized return on assets (ROA) is 34.5 % . Estimate the firm's total asset to the closet possible. a. $1,500,000 c. $2,450,000 b. $ 1,450,000 d. $2,005,500Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 121,000 207,000 $4,416,000 3,665,280 750,720 328,000 $ 422,720 Beginning Balance $ 136,000 339,000 568,000 857,000 395,000 251,000 $ 2,546,000 Ending Balance $ 131,000 479,000 488,000 842,000 435,000 253,000 $ 2,628,000 $ 349,000 $ 374,000 983,000 1,189,000 983,000 1,296,000 $ 2,546,000 $ 2,628,000 The company paid dividends of $315,720 last year. The “Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The…
- The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%Assume a company reported the following results: Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) The margin is closest to: $ 300,000 ? $ 187,500 ? ? 35%Following are financial statement numbers and ratios for Salsa Incorporated for the year ended December 31, Year 1 (in millions). NOPAT $572.7 NOA $3,460.8 Net operating profit margin (NOPM) 15.9% Net operating asset turnover (NOAT) 1.04If we expected revenue growth of 7% in the next year, what would projected revenue be for the year ended December 31, Year 2?