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Forchen, Inc., provided the following information for two of its divisions for last year:   Small Appliances Division Cleaning Products Division Sales  $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required:  1. For the Small Appliances Division, Calculate:  A. Average operating assets B. Margin C. Turnover D. ROI

Forchen, Inc., provided the following information for two of its divisions for last year:   Small Appliances Division Cleaning Products Division Sales  $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required:  1. For the Small Appliances Division, Calculate:  A. Average operating assets B. Margin C. Turnover D. ROI

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter10: Decentralization: Responsibility Accounting, Performance Evaluation, And Transfer Pricing
Section: Chapter Questions
Problem 1CE: Forchen, Inc., provided the following information for two of its divisions for last year: Required:...
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Forchen, Inc., provided the following information for two of its divisions for last year:

  Small Appliances
Division		 Cleaning Products
Division
Sales  $34,670,000 $31,320,000
Operating income 2,773,600 1,252,800
Operating assets, January 1 6,394,000 5,600,000
Operating assets, December 31 7,474,000 6,000,000

Required: 

1. For the Small Appliances Division, Calculate: 

A. Average operating assets

B. Margin

C. Turnover

D. ROI

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