Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating income $ 100 comma 000 $ 40 comma 000 Net sales $ 500 comma 000 $ 175 comma 000 Total assets at Jan. 1 $ 560 comma 000 $ 300 comma 000 Total assets at Dec. 31 $ 610 comma 000 $ 275 comma 000 Calculate the return on investment for the Pencil Division. (Round your answer to two decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Scribe Company, a manufacturer of writing instruments, provides the following financial information: Pen Division Pencil Division Operating ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A major disadvantage of primary data collection is: a) it requires more sophisticated training and experience to design the study and collect data. b) it cannot be tailored to meet specific research needs.
Answers (1)
A promise to do what one already has a legal duty to do constitutes legally sufficient consideration. a. True b. False
Answers (1)
A company has the following balances in its stockholders' equity accounts on December 31, Year 1: Treasury Stock, $650,000; Common Stock, $400,000; Preferred Stock, $1,600,000; Retained Earnings, $1,200,000; Additional Paid-in Capital, $6,800,000.
Answers (1)
What does the learning effect demonstrate about continuing education?
Answers (1)
When auditing an entity's financial statements in accordance with government auditing standards (the yellow book), an auditor is required to report on:?
Answers (1)
New Questions in Business
Potato Company began the period with an accounts receivable balance of $2,562 and a balance in the allowance for doubtful accounts of $393 The following transactions occurred in Potato Company a.
Answers (1)
A company that markets a vitamin supplement produces a commercial that has the stated purpose of simply delivering straight information about the product. It is still an attempt to directly generate sales. T/F
Answers (1)
Jose wanted to make a graph to show his budget for the month. what type of graph would be the most appropriate to graph for jose to use? a. bar graph b. line graph c. histogram d. circle graphs
Answers (1)
What is defined as "the withdrawal of investments from activities (and regions) that yield low rates of profit in order to reinvest in new activities (and new places) "?
Answers (1)
During the current year, Harry, a self-employed accountant, travels from Kansas City to Miami for a 1-week business trip. While in Miami, Harry decides to stay for an additional 5 days of vacation.
Answers (1)