Exercise D10-13 er division achieved a %, magin an 8 %, return on Jordan William

Question

Exercise D10-13 er division achieved a %, magin an 8 %, return on Jordan Williams, a divisional manager, is evaluated based on return on investment I the last quarte investment. The division had $4,000,000 in operating assets that quarter an What was the division's sales revenue for the quarter? (Round asset turnover to 2 decimal places, e.g. 5.51 and final answer to 0 decimal places, e.g. 1,250.) Sales revenue s What was the division's net operating income for the quarter? (Round answer to O decimal places, e.g. 1,250.) Net operating income Click If you would like to Show Work for this question: Open Show Work

Explanation / Answer

Sales Revenue $       48,00,000 Net Operating Income $          7,20,000 Working: Net Operating Income = Operating Assets x Return on Investment = $       40,00,000 x 18% = $          7,20,000 Sales Revenue = Net Operating Income / Profit Margin = $          7,20,000 / 15% = $       48,00,000

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