Exhibit 11-4
the Following Information Is for Two Divisions at Wiley

question 43

Multiple Choice

Exhibit 11-4
The following information is for two divisions at Wiley Company.
$\begin{array}{lcc}&\text { Couch Division }&\text { Chair Division }\\\hline\text { Sales } & ? & \$ 6,000,000 \\\text { Operating income } & ? & \$ 560,000 \\\text { Operating profit margin } & 11.0 \% & ? \\\text { Average operating assets } & \$ 1,250,000 & \$ 4,000,000 \\\text { Asset turnover } & 2.0 & ? \\\text { ROI } & ? & ?\end{array}$
-Refer to Exhibit 11-4.What is the asset turnover for the Chair Division (rounded to the nearest tenth) ?

• A)0.7
• B)7.1
• C)1.5
• D)0.1
• E)None of the answer choices is correct.

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Definitions:

Explicit Memories

Memories that can be consciously recalled, such as facts and events.

Problem Solving

The process of identifying a problem, developing potential solutions, and implementing a solution to resolve the problem.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or task at a specific future point in time.

Digit Recall

A cognitive task that tests memory and attention by requiring individuals to repeat a series of numbers forwards or backwards.