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%.