Romano Corporation has three operating divisions and requires a 12% return on al

Question

Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented here: Required Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues Operating income S 115,300 Operating assetsS 424,000 Margin Turnover ROI Residual income S 925,000 S 76,000 S 323,100 14.00% turn(s) 1.00 turn(s) 2.00 turn(s) s 28,470

Explanation / Answer

Missing amount :

Division X Division Y Division Z Revenues 925000 323100 792166 Operating income 115300 45234 76000 Operating assets 424000 323100 396083 Margin 12.46% 14% 9.60% Turnover 2.18 1 2 ROI 27.19% 14% 19.19% Residual income 64420 6462 28470

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