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What is the profit for the year

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Question - Razen Inc. had the following ratio for the year end of its most profitable division, Maron Division: Profit Margin 20% Asset Turnover 4 Ending assets are P500,000. Average assets for the year are P1,000,000. Beginning assets cannot be determined.

Q1. What is the profit for the year?

A. P250,000

B. P187,500

C. P800,000

D. Some other answer

Q2. What is the ROI for the year?

A. 53.33%

B. 80%

C. 5%

D. Some other answer

Q3. If the expected residual income for the year was 150,000, what was the expected rate of return for the year?

A. 10%

B. 3.75%

C. 65%

D. Some other answer

Reference no: EM132544188

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