The following data has been extracted from the year-end reports of two companies, Company X and Company Y: Company X Company Y Sales $2,700,000 Operating Income $ 256,000 Average Operating Assets $1,725,000 Margin 8.0% Turnover 2.0 Return on Investment 16% Required: Fill in the missing data for the above table. Show all calculations.
The following data has been extracted from the year-end reports of two companies, Company X and Company Y: Company X Company Y Sales $2,700,000 Operating Income $ 256,000 Average Operating Assets $1,725,000 Margin 8.0% Turnover 2.0 Return on Investment 16% Required: Fill in the missing data for the above table. Show all calculations.
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 21BEB
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Question
The following data has been extracted from the year-end reports of two companies, Company X and Company Y:
|
Company X |
Company Y |
|
Sales |
$2,700,000 |
|
|
Operating Income |
$ 256,000 |
|
|
Average Operating Assets |
|
$1,725,000 |
|
Margin |
|
8.0% |
|
Turnover |
|
2.0 |
|
Return on Investment |
16% |
|
|
Required:
- Fill in the missing data for the above table. Show all calculations.
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