Calculate marigold return on investment

Assignment Help Accounting Basics
Reference no: EM133185318

Question - Marigold Design Works generated $560,680 in operating income on sales revenue of $2,803,400. The company had $2,370,000 in assets on January 1 and $2,870,000 in assets on December 31.

Required -

(a) Calculate Marigold's margin.

(b) Calculate Marigold's asset turnover.

(c) Calculate Marigold's return on investment.

Reference no: EM133185318

Questions Cloud

Compute the return on investment for each division : Question - Presented below is selected information for three regional divisions of Swifty Company. Compute the return on investment for each division
What is the minimum inventory cost for an entire year : To deliver a shipment of new furniture would cost the salesperson $15 plus an additional $8 for each item. What is the minimum inventory cost for an entire year
Prepare the appropriate journal entry : Last year, for the first time, The Rolle Group sold 1 million treasury shares at $71 per share. Prepare the appropriate journal entry
Facebook faces tragedy of the commons : Do you think the providers of social media should regulate the behavior of users? If not, why not? If so, how?
Calculate marigold return on investment : Question - Marigold Design Works generated $560,680 in operating income on sales revenue of $2,803,400. Calculate Marigold return on investment
What is the amount of the annual depreciation computed : An estimated residual value of $6,500 and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by straight line method
Explain pure expectations in the bond market context : What is the primary difference between a Forward-Rate Agreement and a Eurodollar Future? Explain pure expectations in the bond market context
Analysis for appraising transportation investments : What are the main pros and cons of using cost-benefit analysis for appraising transportation investments?
Prepare the shareholders equity section of xdgh corporation : Ordinary Shares, Php100 par value, authorized and issued 50,000 shares 5,000,000. Prepare the shareholders equity section of XDGH Corporation

Reviews

Write a Review

Accounting Basics Questions & Answers

  Intermediate accounting ii capitalization of interest ch10

intermediate accounting ii capitalization of interest ch.10 early in 2012 dobbs corporation engaged kiner inc. to

  What risks to dwight of revising income statement to meet

What are the risks to Dwight of revising the income statement to meet the target figure? What are the risks to Dwight of not revising the income statement to meet the target figure?

  Prepare the journal entries for ARO for the year ended

Vesting occurs if the CEO remains in employment with ARO for four years. Prepare the journal entries for ARO for the year ended 31 December 2019

  Calculate jimmy maximum federal tax credit for charitable

Jimmy donated $100,000 in cash to a Canadian registered charity. Calculate Jimmy's maximum federal tax credit for charitable gifts.

  How corporate leaders may make improper assumptions

Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systems and the related information.

  Why are you being asked to analyse the case

Brief description of the company and the industry(ies) of which it is part and the main challenge(s) being faced- i.e. why are you being asked.

  The following monthly data are available for heffernan inc

the following monthly data are available for heffernan inc. which produces only one product selling price per unit 42

  Compute the updated current ratio after each transaction

A company has current assets that total $324,000, has a current ratio of 1.80, Compute the updated current ratio after each transaction

  What was the account balance of the account on december

If the Warranty Payable account began 2019 with a credit balance of $50,000, what was the account balance of the account on December 31, 2019

  Younger bus lines uses the units-of-activity method in

younger bus lines uses the units-of-activity method in depreciating its buses. one bus was purchased on january 1 2010

  Prepare the journal entry to be recorded by thompson

On that date Thompson sells 20% of its ownership for $2,500,000 cash. Prepare the journal entry to be recorded by Thompson on December 31, 2012.

  Describe the financial measures you plan to use for nvidia

Describe the financial measures you plan to use for NVIDIA to measure its financial success use data. The response must be typed, double spaced.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd