Return on Investment, Margin, Turnover Data follow for the Consumer Products Division of Kisler Inc.: Sales Operating income Average operating assets Required: Margin Turnover Year 1 % $9,250,000 Year 1 1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers to two decimal places. 18,137,255 519,850 % % Year 2 $7,940,000 307,278 17,644,444 Year 2 2. Compute the ROI for the Construction Division for each year. Note: Enter percentage to two decimal places. ROI year 1 ROI year 2 4 X %

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
icon
Related questions
Question
100%
Return on Investment, Margin, Turnover
Data follow for the Consumer Products Division of Kisler Inc.:
Sales
Operating income
Average operating assets
Required:
Margin
Turnover
%
$9,250,000
Year 1
18,137,255
1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers to
two decimal places.
Year 1
519,850
%
%
Year 2
$7,940,000
307,278
17,644,444
Year 2
2. Compute the ROI for the Construction Division for each year.
Note: Enter percentage to two decimal places.
ROI year 1
ROI year 2
4 X %
Transcribed Image Text:Return on Investment, Margin, Turnover Data follow for the Consumer Products Division of Kisler Inc.: Sales Operating income Average operating assets Required: Margin Turnover % $9,250,000 Year 1 18,137,255 1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers to two decimal places. Year 1 519,850 % % Year 2 $7,940,000 307,278 17,644,444 Year 2 2. Compute the ROI for the Construction Division for each year. Note: Enter percentage to two decimal places. ROI year 1 ROI year 2 4 X %
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Income Statement Analysis
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
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
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
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub