Solved

Exhibit 11-4
the Following Information Is for Two Divisions at Wiley

Question 43

Multiple Choice

Exhibit 11-4
The following information is for two divisions at Wiley Company.
 Couch Division  Chair Division  Sales ?$6,000,000 Operating income ?$560,000 Operating profit margin 11.0%? Average operating assets $1,250,000$4,000,000 Asset turnover 2.0? ROI ??\begin{array}{lcc}&\text { Couch Division }&\text { Chair Division }\\\hline\text { Sales } & ? & \$ 6,000,000 \\\text { Operating income } & ? & \$ 560,000 \\\text { Operating profit margin } & 11.0 \% & ? \\\text { Average operating assets } & \$ 1,250,000 & \$ 4,000,000 \\\text { Asset turnover } & 2.0 & ? \\\text { ROI } & ? & ?\end{array}
-Refer to Exhibit 11-4.What is the asset turnover for the Chair Division (rounded to the nearest tenth) ?


A) 0.7
B) 7.1
C) 1.5
D) 0.1
E) None of the answer choices is correct.

Correct Answer:

verifed

Verified

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

Related Questions