Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Evaluating divisional performance
The three divisions of Dixie Foods are Cereal, Produce, and Snacks. The divisions are structured as investment centers. The following responsibility reports were prepared for the three divisions for the prior year
Can you identify opportunities for improving Dixie Foods' financial performance?
Concept Introduction:
Return on investment (ROI):
Return on investment is a profitability ratio that represents the percentage return on the investment made. It is calculated by dividing the Net Income by the Average total assets. The formulas to calculate the ROI are as follows:
Or
The suggestions for improvement of financial performance
Division which is making best use of invested assets is identified as follows:
| Cereal | Produce | Snacks | |
| Operating Income (A) | $ 432,000 | $ 960,000 | $ 1,080,000 |
| Invested Assets (B) | $ 4,500,000 |
Chapter 14 Solutions
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