Tut X AC X Sta x Ch? × Ashley ? cooezto.mheducation.com/hm.tpx ACCOUNTING Manage

Question

Tut X AC X Sta x Ch? × Ashley ? cooezto.mheducation.com/hm.tpx ACCOUNTING Managerial Accounting: Spring 2018 Chapter 11 Homework instructions I help Question 4 (of 4 Save & Exit Submit velue 5.00 points Provide the missing data in the following table for a distributor of martial arts products: (Round Bravo's Turnover to 1 decimal place.) Division Alpha Bravo Charlie Sales 11,500,000 S 920,000 S 210,000 Net operating income Average operating assets Margin Turnover Return on investment ROI 800,000 4% 7% 20% 14% References eBook & Resources

Explanation / Answer

Solution:

Formula used in Filling the Missing data in the below Table:

Turover ratio = Sales / Average Operating Assets

Sales = Turnover ratio * Average Operating Assets

Net operating income = Sales * margin

Return on Investment = Net Operating Income / Average Operating Assets

Division Alpha Bravo Charlie Sales $4,000,000.00 $11,500,000.00 $3,000,000.00 Net Operation income $160,000.00 $920,000.00 $210,000.00 Average Operating Assets $800,000.00 $4,600,000.00 $1,500,000.00 Margin 4% 8% 7% Turnover 5 2.5 2 Return On Investment (ROI) 20% 20% 14%

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