Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012: $$\begin{array} { l l }
\text { Revenues } & \$ 400,000 \
\text { Operating expenses } & \$ 360,000 \
\text { Operating income } & \$ 40,000 \
\text { Operating assets } & \$ 500,000
\end{array}$$
Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division.
Based on the information provided for Furniture, calculate its margin and turnover for 2012, and then use these amounts to calculate ROI.

Question

Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012: $$\begin{array} { l l } 
\text { Revenues } & \$ 400,000 \
\text { Operating expenses } & \$ 360,000 \
\text { Operating income } & \$ 40,000 \
\text { Operating assets } & \$ 500,000
\end{array}$$ 
Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division.
Based on the information provided for Furniture, calculate its margin and turnover for 2012, and then use these amounts to calculate ROI.

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The Answer of Use the following information to answer Question. The Furniture Division of Waverly Company reports the following results for 2012: $$\begin{array} { l l } 
\text { Revenues } & \$ 400,000 \
\text { Operating expenses } & \$ 360,000 \
\text { Operating income } & \$ 40,000 \
\text { Operating assets } & \$ 500,000
\end{array}$$ 
Waverly Company has set a target return on investment (ROI) of 12% for the Furniture Division.
Based on the information provided for Furniture, calculate its margin and turnover for 2012, and then use these amounts to calculate ROI.

Use the Following Information to Answer Question Waverly Company Has Set a Target Return on Investment (ROI)