Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is for two divisions at

The following information is for two divisions at Rockport, Inc Gloves Division Hats Division ...

80.2K

Verified Solution

Question

Accounting

The following information is for two divisions at Rockport, Inc
Gloves Division Hats Division
Sales $1,200,000$400,000
Operating income $132,000$40,000
Operating profit margin ??
Average operating assets $1,000,000?
Asset turnover??
ROI ?8.0 percent
Required:
Find the missing information for each division.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Using your knowledge of the sensitivity and specificity for different imaging modalities, provide an estimate on...

Medical Sciences
Q

Which therapies would you suggest and why? 1- Pam is having phobia from snakes. 2- Sam is...

Psychology
Q

4. [4pt] Choose the correct statements from the following list referring the possible futures of a Universe...

Physics
Q

Why do many employers who are not unionized require their employees to sign pre-employment arbitration clauses?

General Management
Q

CONSOLIDATED BALANCE SHEET (millions of dollars) 2016 2015 Assets 2016 2015 Current assets 2016 2015 Cash and cash equivalents 3,657 3,705 Notes and accounts receivable 21,394 19,875 Inventories: Crude oil, products...

Accounting
Q

The number of animal phyla now recognized is about O 1 67 O2 10 3...

Biology
Q

No 2 View In English An X rays tube operates at 20 KV A particular...

Physics
Q

20 A satellite is moving in a low nearly circular orbit around the earth Its...

Physics
Q

5 ook rint rences Montoure Company uses a perpetual inventory system It entered into the...

Basic Math
Q

Find the x intercepts for the function belo 2p 24p 40

Algebra
Q

8 9 10 11 12 13 14 15 16 create the Spreadsheets to...

Accounting
Q

Isaac invests $27,000 in a money market account at his local bank. He receives annual...

Accounting