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.
Snack Retail
Cereal Cake Bakeries
Division Division Division
Fee revenue
Cost of goods sold
Gross profit
Operating expenses
Income from operations
2.
Rate of Return (ROI) on Investment = Profit Margin x Investment Turnover
Sales
Cereal Division:
Snack Cake Division:
Retail Bakeries Division:
3.
[Key essay answer here]
[Key code here]
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THE WHOLE EARTH FOOD 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 24-3B
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.
Snack Retail
Cereal Cake Bakeries
Division Division Division
Fee revenue 12,000,000$ 6,600,000$ 5,740,000$
Cost of goods sold 8,000,000 4,600,000 4,000,000
Problem 24-3B
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
THE WHOLE EARTH FOOD COMPANY
Divisional Income Statements