A Company That Reports Segment Information Had Average Total Assets

question 137

Multiple Choice

A company that reports segment information had average total assets of $1,522,450 and total net income of $590,700. Segment A had average total assets of $927,800 and segment operating income of $298,300. Segment B had average assets of $594,650 and segment operating income of $292,400. The segment return on assets for Segment A is:

• A) 60.9%.
• B) 38.8%.
• C) 32.2%.
• D) 49.2%.
• E) 50.5%.

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Definitions:

Quarterly

Pertaining to a period of three months or occurring four times a year.

Forecasted Value

An estimate of what a variable's value will be at a future point in time, based on patterns observed in past data.

Trend Line

A line graphed in a scatter plot to show the general direction of a dataset over time.

Quarterly Data

Data that is collected, reported, or compiled at three-month intervals, often used in financial and economic analysis to track seasonal patterns and short-term trends.