When defining net operating income for return on investment (ROI) purposes, which of the following items should not be included?
A) Sales revenue
B) Cost of goods sold
C) Interest expense
D) Salaries expense
C
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Franklin Corporation is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The stock sells for $32.50 per share, and its required rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?
A. 6.01% B. 6.17% C. 6.33% D. 6.49% E. 6.65%
Use the financial data shown below to calculate the following ratios for the current year:(a) Current ratio.(b) Acid-test ratio.(c) Accounts receivable turnover.(d) Days' sales uncollected.(e) Inventory turnover.(f) Days' sales in inventory.Income statement data Sales (all on credit)$650,000Cost of goods sold 425,000Income before taxes78,000Net income54,600?Ending BalanceBeginning BalanceCash$ 19,500$ 15,000Accounts receivable (net) 65,00060,000Inventory71,50064,500Plant and equipment (net)195,000183,900Total assets$351,000$323,400Current liabilities $ 62,400$ 52,700Long-term notes payable97,500100,000
What will be an ideal response?
A boycott is a temporary, concerted withdrawal of labor
Indicate whether the statement is true or false
A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000Sales revenue$2,736,000Variable manufacturing expense$1,349,000Fixed manufacturing expense$336,000Variable selling and administrative expense$399,000Fixed selling and administrative expense$372,000Net operating income$280,000 The company's contribution margin ratio is closest to:
A. 28.9% B. 63.9% C. 36.1% D. 71.1%