An asterisk (*) will appear to the right of an incorrect entry in the income statement and above or below
elements in the equations. The essay answer will not be graded.
1.
Mutual Electronic Investment
Fund Brokerage Banking
Division Division Division
Fee revenue
Operating expenses
Income from operations
2.
Rate of Return (ROI) on Investment = Profit Margin x Investment Turnover
Sales
Mutual Fund Division:
Electronic Brokerage Division:
Investment Banking Division:
3.
[Key essay answer here]
[Key code here]
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E.F. LYNCH COMPANY
Divisional Income Statements
For the Year Ended June 30, 2014
Rate of Return (ROI) on Investment
=
Income from Operations
Score:
Key Code:
Instructions
Problem 23(8)-3A
Name:
Section:
0%
Sales
Invested Assets
ROI
=
x
=
x
ROI
=
x
=
ROI
=
x
=
An asterisk (*) will appear to the right of an incorrect entry in the income statement and above or below
elements in the equations. The essay answer will not be graded.
1.
Mutual Electronic Investment
=
x
=
x
=
=
=
=
x
Fund Brokerage Banking
Division Division Division
Fee revenue 4,140,000$ 3,360,000$ 4,560,000$
2.
Rate of Return (ROI) on Investment = Profit Margin x Investment Turnover
Sales
Mutual Fund Division:
$1,159,200 $4,140,000
Problem 23(8)-3A
Name:
Solution
Section:
ON
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
For the Year Ended June 30, 2014
E.F. LYNCH COMPANY
Divisional Income Statements
Rate of Return (ROI) on Investment
Income from Operations
Sales
Invested Assets
=
x