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.
Business Consumer
Division Division
Sales
Cost of goods sold
Gross profit
Operating expenses
Operating income
2.
Return on Investment (ROI) =
Profit Margin x Investment Turnover
Sales
Business Division:
Consumer Division:
3.
Business Consumer
Division Division
Operating income
Minimum acceptable return
Residual income
Score:
Key Code:
Instructions
=
[Key code here]
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Recycling Industries
Divisional Income Statements
For the Year Ended December 31, 20Y8
Return on Investment (ROI)
=
ROI
x
=
Invested Assets
Problem 24(10)-5A
Name:
Section:
ROI
=
x
=
x
Operating Income
0%
Sales
4.
[Key essay answer here]
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.
Business Consumer
Division Division
Sales 42,800,000$ 56,000,000$
2.
Return on Investment (ROI) =
Profit Margin x Investment Turnover
Sales
=
=
x
Consumer Division:
x
=
=
3.
Business Consumer
Division Division
Operating income 7,875,200$ 11,200,000$
Problem 24(10)-5A
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, 20Y8
Recycling Industries
Divisional Income Statements
Sales
Invested Assets
=
x
Return on Investment (ROI)
Operating Income
4.
On the basis of operating income, the Consumer Division generated $3,324,800