Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
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.
Road Mountain
Bike Bike
Division Division
Sales
Cost of goods sold
Gross profit
Operating expenses
Income from operations
2.
Rate of Return (ROI) on Investment = Profit Margin x Investment Turnover
Sales
Road Bike Division
Mountain Bike Division
3.
Road Mountain
Bike Bike
Division Division
Income from operations
Minimum acceptable return
Residual income
4.
Rate of Return (ROI) on Investment
x
=
Problem 23(8)-5B
Name:
Section:
[Key essay answer here]
[Key code here]
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
FREE RIDE BIKE COMPANY
Instructions
=
Income from Operations
Sales
0%
Score:
Key Code:
Divisional Income Statements
For the Year Ended December 31, 2014
Invested Assets
ROI
=
x
=
x
ROI
=
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.
Road Mountain
Bike Bike
Division Division
Sales 1,728,000$ 1,760,000$
2.
Rate of Return (ROI) on Investment = Profit Margin x Investment Turnover
Sales
3.
Road Mountain
Bike Bike
Division Division
Problem 23(8)-5B
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 December 31, 2014
FREE RIDE BIKE COMPANY
Divisional Income Statements
Rate of Return (ROI) on Investment
Invested Assets
=
x
Income from Operations
Sales
