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Author Question: The top management at Amore Corp, a manufacturer of computer games, is attempting to recover from a ... (Read 28 times)

KimWrice

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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$7,000,000(a)$2,500,000
Net operating income$5,500,000$1,100,000$ 1,200,000
Operating assets(b)(c)$1,600,000
Return on investment0.26.15(d)
Return on sales(e).10.5
Investment turnover(f)(g)1.5

What is the value of the operating assets belonging to the Alpha Division (b)?
◦ $12,500,000
◦ $21,153,846
◦ $26,923,077
◦ $1,820,000


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Marked as best answer by KimWrice on Mar 6, 2021

Danny Ewald

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KimWrice

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


fatboyy09

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Reply 3 on: Yesterday
Wow, this really help

 

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