Chapter 9 Quiz Questions - Solutions

Chapter 9 Quiz - Managerial Accounting Acct 2301 Fall 2006 Chapter 9 Questions 1 Last year Thurco Corporation had revenues of $120,000 and expenses

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Managerial Accounting Acct 2301 Fall 2006 Chapter 9 Questions 1. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s return on investment? a. 10% ROI = OI / OA b. 15% $50,000 / $250,000 = 20% c. 20% d. 25% 2. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s margin? a. 16.6% Margin = OI / Sales b. 22.2% $50,000 / $120,000 = 41.7% c. 33.3% d. 41.7% 3. Last year, Thurco Corporation had revenues of $120,000 and expenses of $70,000. If Thurco had $250,000 of equipment and other operating assets last year, what was Thurco’s turnover? a. .48 Turnover = Sales / OA b. .23 $120,000 / $250,000 = 0.48 c. .16 d. .35 4. LINK, Inc. has a margin of 25 % and a turnover of 4. What is LINK's return on investment? a.
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This homework help was uploaded on 04/22/2008 for the course ACCT 2302 taught by Professor All during the Spring '08 term at Texas Tech.

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Chapter 9 Quiz - Managerial Accounting Acct 2301 Fall 2006 Chapter 9 Questions 1 Last year Thurco Corporation had revenues of $120,000 and expenses

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