Multiple Choice
A company had average total assets of $982,450 and net income of $190,700, and reports various segment information. Segment A had average total assets of $437,800 and segment operating income of $98,230. Segment B had average assets of $151,200 and segment operating income of $16,190. Calculate the segment return on assets for Segment B
A) 19.4%.
B) 22.4%.
C) 26.1%.
D) 10.7%.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: A company purchased $11,200 of merchandise on
Q64: The purchases journal is identical under both
Q65: _ are the means to take information
Q66: _ processing accumulates source documents for a
Q67: Argon Sales uses special journals to record
Q69: Explain how the amounts in the subsidiary
Q70: After posting is completed, there may be
Q71: Philip Company uses special journals to record
Q72: _ are systems that interpret, transform, and
Q73: The use of an Accounts Payable controlling