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Romano Corporation has three operating divisions and requires a 14% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues $ 991,000 Operating income $ 118,400 $ 75,500 Operating assets 546, 100 366,500 Margin 11.95 % 16.00 % % 1.81 turn(s) 21.68 % Turnover 2.00 turn(s) 3.00 turn(s) ROI % % Residual income 2$ 22,850

Romano Corporation has three operating divisions and requires a 14% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues $ 991,000 Operating income $ 118,400 $ 75,500 Operating assets 546, 100 366,500 Margin 11.95 % 16.00 % % 1.81 turn(s) 21.68 % Turnover 2.00 turn(s) 3.00 turn(s) ROI % % Residual income 2$ 22,850

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 17E: Consider the data for each of the following four independent companies: Required: 1. Calculate the...
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Romano Corporation has three operating divisions and requires a 14% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues $ 991,000 Operating income Operating assets $ 118,400 $ 75,500 $ 546,100 $ 366,500 Margin 11.95 % 16.00 % Turnover 1.81 turn(s) 2.00 turn(s) 3.00 turn(s) ROI 21.68 % % % Residual income $ 22,850
Transcribed Image Text:Romano Corporation has three operating divisions and requires a 14% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "ROI" to 2 decimal places.) Division X Division Y Division Z Revenues $ 991,000 Operating income Operating assets $ 118,400 $ 75,500 $ 546,100 $ 366,500 Margin 11.95 % 16.00 % Turnover 1.81 turn(s) 2.00 turn(s) 3.00 turn(s) ROI 21.68 % % % Residual income $ 22,850
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