Solved

Queen Company Has Two Divisions, the Domestic Division and the International

Question 101

Essay

Queen Company has two divisions, the Domestic Division and the International Division. Last year, the Domestic Division earned operating income of $360,000 using average operating assets of $1,440,000. Sales for the Domestic Division were $3,600,000. Last year, the International Division earned operating income of $560,000 using average operating assets of $2,800,000. Sales for the International Division were $7,000,000.
Required:
A. For the Domestic Division, the margin was __________________, the turnover was __________________, and the ROI was __________________.
B. For the International Division, the margin was __________________, the turnover was __________________, and the ROI was __________________.
C. If these were the only two divisions of Queen Company, what was the ROI for Queen Company?

Correct Answer:

verifed

Verified

A. Margin = $360,000/$3,600,000 = 0.1 or...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents