Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for...
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Accounting
Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions:
2019
2020
2021
Revenue
Southwest
$
14,600
$
21,700
$
25,700
Midwest
6,400
6,700
6,900
Southeast
12,100
12,700
13,000
Total
$
33,100
$
41,100
$
45,600
Net Operating Income
Southwest
$
800
$
900
$
1,050
Midwest
950
1,300
1,250
Southeast
700
900
1,300
Total
$
2,450
$
3,100
$
3,600
Average Total Assets
Southwest
$
13,700
$
13,900
$
16,500
Midwest
4,400
3,900
3,900
Southeast
5,000
5,300
5,300
Total
$
23,100
$
23,100
$
25,700
Required:
Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI) for each division and also for the firm as a whole for each of the three years 2019, 2020, and 2021. (Note: Due to rounding your percentages, the totals for the firm might not be the actual total of the individual divisions.) (Round "Asset turnover (AT)" answers to 3 decimal places and other answers to 1 decimal place.)
2019 2020 2021
Return on Sales (ROS)
Southwest % % %
Midwest % % %
Southeast % % %
Firm % % %
Asset turnover
Southwest
Midwest
Southeast
Firm
Return on Investment (ROI)
Southwest % % %
Midwest % % %
Southeast % % %
Firm % % %
Answer & Explanation
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