USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 200

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
The Rollerball Corporation's industry averages are as follows:
Net Profit Margin = 7.5%; Total Asset Turnover = 2.2; Total Assets/Equity = 2.0
Rollerball Corporation has the following financial statements for year ending 12/31/2008. (000's omitted)

-Refer to Exhibit 9.16. Calculate the sustainable growth rate for Rollerball Corporation.

• A) 19.1%
• B) 22.7%
• C) 27.5%
• D) 52.5%
• E) 62.5%

Determine the impact of intra-entity sales of inventory on consolidated financial statements.

Compute the net income attributable to the noncontrolling interest in the presence of intra-entity transactions.

Identify the effects of intra-entity asset transfers, such as equipment and land, on consolidated financial statements.

Calculate and understand the treatment of intra-entity gross profit and its impact on consolidated net income.