$$\text { Reference: 12-04 }$$ Estes Company Has Assembled the Following Data for Its Divisions

question 3

Multiple Choice

$$\text { Reference: 12-04 }$$ Estes Company has assembled the following data for its divisions for the past year: $$\begin{array} { | l | l | l | } \hline & \text { Division A } & \text { Division B } \\\hline \text { Average operating assets } & \$ 500,000 & ? \\\hline \text { Sales } & ? & \$ 520,000 \\\hline \text { Net operating income } & \$ 100,000 & \$ 20,300 \\\hline \text { Turnover } & 1.25 & 4 \\\hline \text { Margin } & ? & 3.9 \% \\\hline \text { Minimum required rate of return } & 14 \% & ? \\\hline \text { Residual income } & ? & \$ 6,000 \\\hline\end{array}$$
-Turnover is computed by dividing average operating assets into:

• A)invested capital.
• B)total assets.
• C)sales.
• D)net operating income.

---

Definitions:

Ductus Deferens

A tube that carries sperm from the testicles to the urethra, facilitating the transport of sperm during ejaculation.

Ejaculatory Duct

A duct through which semen is ejaculated, running from the seminal vesicle and merging with the vas deferens.

Ductus Deferens

A tube that carries sperm from the epididymis to the ejaculatory ducts, playing a role in the male reproductive system.

Ejaculatory Duct

The duct through which semen is ejaculated, running from the seminal vesicle to the urethra.