Compute average operating assets

Assignment Help Accounting Basics

Reference no: EM13987527

Seere Company provided the following income statement for last year.

Margin; Turnover;	Sales	$240,000
ROI; Average	Less: Variable expenses	195,000
Operating Assets	Contribution margin	$45,000
LO3	Less: Fixed expenses	37,800
	Operating income	$7,200

At the beginning of last year, Seere had $78,650 in operating assets. At the end of the year, Seere had $81,350 in operating assets.

Required:

1. Compute average operating assets.

2. Compute the margin and turnover ratios for last year. Compute ROI.

Reference no: EM13987527

Questions Cloud

Describe the bulb after the switch is closed : Which statement correctly describes the bulb after the switch is closed? Assume the battery is ideal (it has no internal resistance) and the connecting wires have no resistance.

Creating a prompt for an essay on too big to fail : Creating a prompt for an essay on "too big to fail" concerning a private and public policy issue. Also, I need 10 recourse cited in MLA style along with 2-3 sentences of claims or points from the book and speakers that support the issue on the promp..

Minimum transfer price for the small motor division : What is the minimum transfer price for the Small Motor Division? What is the maximum transfer price for the Kitchen Products Division? Is it important that transfers take place internally? If transfers do take place, what should the trans- fer pri..

Explain why it does or given an example : If a function f(x) is defined for all real x and has an inverse f-1(x), does it necessarily follow that also g(x) = [f(x)2] has an inverse g-1(x)?

Compute average operating assets : 1. Compute average operating assets. 2. Compute the margin and turnover ratios for last year. Compute ROI.

Treatment of customer groups : 1. Explain how the treatment of customer groups as segments can be useful to a firm. 2. What are margin and turnover? Explain how these concepts can improve the evaluation of an investment center.

At what project duration do we achieve the lowest total : At what project duration do we achieve the lowest total project cost(i.e., direct plus indirect costs)? (a) 16 days (b) 15 days (c) 14 days(d) 13 days

Estimate the output in each mine after ten years : Four gold mines in a mountainous region have been in continuous operation for five years. The output is measured in tons, and it has been declining each year in each mine. Estimate the output in each mine after ten years

Centralized and decentralized decision making : 1. Discuss the differences between centralized and decentralized decision making. 2. What is decentralization? 3. Explain why firms choose to decentralize.

User Account

All Pages