Question Details
Helton CorporationAc??cs balance sheet indicates that the company
has $200,000 invested in operating assets. During 2014, Helton
earned operating income of $53,000 on $360,000 of sales.
|
| Required |
| a. |
Compute HeltonAc??cs profit margin for 2014. (Round your
answer to 2 decimal places. (i.e., .2345 should be entered as
23.45).)
|
| b. | Compute HeltonAc??cs turnover for
2014. (Round your answer to 2 decimal
places.) |
| c. |
Compute HeltonAc??cs return on investment for 2014. (Round
intermediate calculations and final answer to 2 decimal places.
(i.e., .2345 should be entered as 23.45).)
|
| d. |
Recompute HeltonAc??cs ROI under each of the following independent
assumptions. (Do not round intermediate calculations. Round
your answers to 2 decimal places. (i.e., .2345 should be entered as
23.45).)
|
| (1) |
Sales increase from $360,000 to $530,000, thereby resulting in
an increase in operating income from $53,000 to $70,000.
|
| (2) |
Sales remain constant, but Helton reduces expenses, resulting in
an increase in operating income from $53,000 to $59,000.
|
| (3) |
Helton is able to reduce its invested capital from $200,000 to
$149,000 without affecting operating income.
|
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DATE ANSWEREDDec 08, 2020
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