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Exercise 12-22
Data follow for the Construction Division of D. Jack Inc.:
Year 1 Year 2
Sales $ 52,000,000 $ 57,750,000
Operating income 7,280,000 7,507,500
Average operating assets 200,000,000 262,500,000
(Note: Round all answers to two decimal places.)
Required:
1. Compute the margin and turnover ratios for each year.
2. Compute the ROI for the Construction Division for each year.
Exercise 12-23
The Tuxedo Division of Shamus O
Answer & Explanation
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