Exercise 10-10 (Part Level Submission) Brockman Pickle Company produces gourmet

Question

Exercise 10-10 (Part Level Submission) Brockman Pickle Company produces gourmet dill pickles, Selected results from the most current year were as follows: Operating income Average total assets ,13O CIOD 526,575 Production manager Maria Brockman is investigating the purchase of a new brining station that will increase the plants production capacity. Dased on her research, Maria thinks the station would cost s150,000 and would increase sales revenue by $200,000 and operating profit by $30,000. the Y(a) (oy Calculate Drockman's current margin, asset turnover, and return on investment. (Round answers to 2 decimal places, e.g. 52.75) Current Margin Asset Tumover Return en Investment 320,000 and imes

Explanation / Answer

Margin(Net operating income/Sales)(526575/3510500) 15% Turnover=(Sales/Average operating assets)(3510500/4,130,000) 0.85 ROI=(Net operating income/Average operating assets)(526575/4130000) 12.75%

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