ssessment id 14560 18course.id 4979 1content.jd 304122 1aquestion num Manford Co

Question

ssessment id 14560 18course.id 4979 1content.jd 304122 1aquestion num Manford Company Segmented Income Statements For the Current Fiscal Year Ended December 31 Refrigerator Dish Washer Division Division Sales Cost of goods sold Gross margin Allocated overbead (from corporate Selling and administrative expenses Operating income Income tax expense (45%) Net income $10,543 $6,288 4.636 2411 842 737 833 S. Assume the Refrigerator Division has average operating assets totaling $2 orwords (eg 125 not 1 25ncrease or 125%) Enter a negative number as-10not (10) 4,096 for the year. What is the division's retarn orn investment ? Answer to places without any comme Moving to another qestion will save this reponse. Question & of 10

Explanation / Answer

ROI = Margin X Turnover Margin =Net Operating Income / Sales Turnover = Sales / Avg. opearting assets Sales             10,543 Cost of Goods Sold               4,636 Gross Margin               5,907 Allocated Overhead                   842 Selling & Admn. Exp.                   853 Operating Income               4,212 Income Tax Expense - 45%               1,770 Net Income               2,442 Avg. Operating Assets (C )             24,096 Margin - $2,442 / 10,543 23.16% Turnover - $10,543 / $24,096             0.4375 ROI ( D X E) 10.13%

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