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StormLrd StormLrd
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6 years ago
Kase Tractor Company allows its divisions to operate as autonomous units. Their results for the current year were as follows:
   
   Plows   Tractors   Combines
Revenues   $2,250,000   $500,000   $4,800,000
Current assets   800,000   152,500   1,435,000
Capital assets   1,000,000   400,000   1,750,000
Current liabilities   350,000   75,000   540,000
Net operating income   220,000   60,000   480,000
After-tax income   143,000   39,000   312,000
Weighted average cost of capital   8.5%   8.5%   8.5%

Required:
For each division compute the
a.   return on sales
b.   return on investment based on total assets employed
c.   economic value added
d.   residual income based on net operating income
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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GarretAGarretA
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Without mathematics, there's nothing you can do. Everything around you is mathematics. Everything around you is numbers.

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3 years ago
Thanks
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2 years ago
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