ata follow for the Consumer Products Division of Kisler Inc.: Year 1 Year 2 ales $9,310,000 $7,900,000 Pperating income 523,222 305,730 verage operating assets 18,254,902 17,555,556 equired: . Compute the margin (as a percent) and turnover ratios for each year. Round your answers to two decima Year 1 Year 2 Margin urnover - Compute the ROI for the Construction Division for each year. ote: Enter percentage to two decimal places. ROI year 1 % ROI year 2 %

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter11: Performance Evaluation And Decentralization
Section: Chapter Questions
Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...
icon
Related questions
Topic Video
Question
Return on Investment, Margin, Turnover
Data follow for the Consumer Products Division of Kisler Inc.:
Year 1
Year 2
Sales
$9,310,000
$7,900,000
Operating income
523,222
305,730
Average operating assets
18,254,902
17,555,556
Required:
1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers
two decimal places.
Year 1
Year 2
Margin
%
Turnover
2. Compute the ROI for the Construction Division for each year.
Note: Enter percentage to two decimal places.
ROI year 1
ROI year 2
%
Transcribed Image Text:Return on Investment, Margin, Turnover Data follow for the Consumer Products Division of Kisler Inc.: Year 1 Year 2 Sales $9,310,000 $7,900,000 Operating income 523,222 305,730 Average operating assets 18,254,902 17,555,556 Required: 1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers two decimal places. Year 1 Year 2 Margin % Turnover 2. Compute the ROI for the Construction Division for each year. Note: Enter percentage to two decimal places. ROI year 1 ROI year 2 %
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT