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Author Question: The Frozen Foods Division of AgraFoods Corporation had sales of $8,400,000 and operating income of ... (Read 48 times)

geoffrey

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on: Jan 5, 2020
The Frozen Foods Division of AgraFoods Corporation had sales of $8,400,000 and operating income of $1,848,000 last year.  The total assets of the Frozen Foods Division were $3,500,000, while current liabilities were $850,000.  AgraFoods Corporation's target rate of return is 12%, while its weighted average cost of capital is 8%.  The effective tax rate for the company is 40%.

Required:
1.  Calculate the profit margin.
2.  Calculate the asset turnover.
3.  Calculate the return on investment (ROI).
4.  Calculate the residual income.
5.  Calculate the Economic Value Added (EVA).
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by geoffrey on Jan 5, 2020

softEldritch

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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geoffrey

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review

hollysheppard095

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

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