Arco company has two divisions - mixers and food processors. arco company segmented income statements for the current fiscal year ended december 31 mixer food processor division division sales $2,500,000 $1,350,000 cost of goods sold 1,050,000 665,000 gross margin 1,450,000 685,000 allocated overhead 235,000 185,000 selling and administrative expenses 195,000 90,000 operating income 1,020,000 410,000 income tax expense (45%) 459,000 184,500 net income $ 561,000 $ 225,500 assume the mixer division has average operating assets totaling $6,000,000 for the year. what is the division's return on investment (to the nearest hundredth of a percent)?
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 18:30, preciadogabriel40
What is product differentiation, and how can it be achieved ? what is product positioning? what conditions would head to head product positioning be appropriate?
Answers: 2
Business, 22.06.2019 11:00, hadwell34
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Business, 22.06.2019 17:00, whitakers87
Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to:
Answers: 2
Business, 22.06.2019 20:00, pickelswolf3036
On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?
Answers: 1
You know the right answer?
Arco company has two divisions - mixers and food processors. arco company segmented income statement...
Questions in other subjects:
History, 28.09.2019 16:30
Chemistry, 28.09.2019 16:30
Mathematics, 28.09.2019 16:30
