# Accounting – Exercise 12-19

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1.

2.

Cornerstone Exercise 12-13 (Algorithmic)
Calculating Average Operating Assets, Margin, Turnover, and Return on Investment

East Mullett Manufacturing earned operating income last year as shown in the following income statement:

 Sales \$531,250 Cost of goods sold 280,000 Gross margin \$251,250 Selling and administrative expense 181,700 Operating income \$69,550

At the beginning of the year, the value of operating assets was \$390,000. At the end of the year, the value of operating assets was \$460,000.

For East Mullett Manufacturing, calculate the following:

 1. Average operating assets \$   _________________ 2.  Margin (round to the nearest whole percent) _________________ % 3. Turnover (round to two decimal places) _________________ 4. Return on investment _________________ %

3.

Exercise 12-20
Margin, Turnover, Return on Investment

You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet by clicking on the link in the drop-down menu above.

Pelak Company had sales of \$30,000,000, expenses of \$27,600,000, and average operating assets of \$6,000,000.

1.  Compute the operating income.
\$     _________________

2.  Compute the margin (as a percent) and turnover ratio.

 Margin : _________________   % Turnover : _________________

3.  Compute the ROI as a percent.
_________________   %

4.

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Exercise 12-21 (Algorithmic)

Park Company provided the following income statement for last year:

 Sales \$70,000 Less: Variable expenses 56,000 Contribution margin \$14,000 Less: Fixed expenses 19,200 Operating income \$-5,200

At the beginning of last year, Park had \$38,650 in operating assets. At the end of the year, Park had \$41,350 in operating assets.

Compute ROI. Do not round interim calculations, but do round your final answer to two decimal places. If required, use a minus sign to indicate a negative ROI.

ROI =   _________________   %

5.

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Exercise 12-22
Return on Investment, Margin, Turnover

Links to learning objectives referenced by this question can be accessed in the “Additional Resources” drop-down menu above.

Data follow for the Construction Division of D. Jack Inc.:

Round all answers to two decimal places.

1.  Compute the margin (as a percent) and turnover ratios for each year.

 Year 1 Year 2 Margin: _________________   % _________________   % Turnover: _________________ _________________

2.  Compute the ROI as a percent for the Construction Division for each year.

 ROI year 1 _________________   % ROI year 2 _________________   %

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