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Author Question: The top management at Amore Corp, a manufacturer of computer games, is attempting to recover from a ... (Read 76 times)

biggirl4568

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The top management at Amore Corp, a manufacturer of computer games, is attempting to recover from a flood that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:

Alpha DivisionBeta DivisionGamma Division
Sales$5,500,000(a)$2,500,000
Net operating income$3,500,000$1,700,000$ 1,200,000
Operating assets(b)(c)$1,600,000
Return on investment0.250.17(d)
Return on sales(e)0.10.5
Investment turnover(f)(g)1.5

What is the value of the operating assets belonging to the Beta Division (c)?
◦ $10,000,000
◦ $17,000,000
◦ $289,000
◦ $170,000


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Marked as best answer by biggirl4568 on Mar 6, 2021

lkanara2

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biggirl4568

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Reply 2 on: Mar 6, 2021
Excellent


anyusername12131

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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