GNBExam12 - GNB 12e Practice Exam Chapter 12 Print these...

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GNB 12e Practice Exam – Chapter 12 Print these pages. Answer each of the following questions, explaining your answers or showing your work, as appropriate, and then compare your solutions to those provided at the end of the practice exam. 1. The following data are available for the Southwestern Division of Evans, Inc. and the single product it makes. Annual fixed costs $560,000 Average operating assets $3,000,000 Unit selling price $40 Variable cost per unit $24 How many units must the division sell each year to have an ROI of 16%? 2. The Northeastern Division of Brillstein Inc. recorded operating data as follows for the past year. Average operating assets 200,000 Net operating income 50,000 Residual income 26,000 Sales $400,000 Stockholders’ equity 160,000 Part (a) What was the division’s return on investment? Part (b) What was the division’s margin? Part (c) What was the division’s turnover?
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3. Cameron Company has recorded the following information about the results of its operations
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This note was uploaded on 11/04/2009 for the course SBA ACC 2302 taught by Professor Ahmedbashir during the Spring '09 term at Al Akhawayn University.

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GNBExam12 - GNB 12e Practice Exam Chapter 12 Print these...

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