Examlex

Solved

Bleu Stone Is a Division of a Major Corporation Required:
A

question 107

Essay

Bleu Stone is a division of a major corporation.The following data are for the latest year of operations:  Sales $33,040,000 Net operating income $1,453,760 Average operating assets $8,000,000 The company’s minimum required rate of  return 18%\begin{array} { | l | r | } \hline \text { Sales } & \$ 33,040,000 \\\hline \text { Net operating income } & \$ 1,453,760 \\\hline \text { Average operating assets } & \$ 8,000,000 \\\hline \begin{array} { l } \text { The company's minimum required rate of } \\\text { return }\end{array} & 18 \% \\\hline\end{array}
Required:
a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI)?
d. What is the division's residual income?


Definitions:

Superdome

A large, domed sports and exhibition stadium located in New Orleans, Louisiana, known for hosting major events.

New Orleans

A major U.S. city known for its vibrant music scene, diverse cuisine, and significant cultural events like Mardi Gras.

Career Golden Slam

Achieving victory in all four major tennis Grand Slam tournaments and an Olympic gold medal over the course of a career.

Olympic Gold Medal

The highest award given to athletes who achieve first place in their events at the Olympic Games, representing the pinnacle of achievement in sports.

Related Questions