24-5B_22e - Income from operations 2. Rate of return on =...

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Problem 24-5B Name: Section: Enter the appropriate amount or label in the shaded cells below. A red asterisk (*) will appear to the right of, above, or below an incorrect amount in the outlined cells. 1. CANTOR-SIMMONS CYCLE COMPANY Divisional Income Statements For the Year Ended December 31, 2008 Sales Cost of goods sold Gross profit Operating expenses
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Unformatted text preview: Income from operations 2. Rate of return on = Profit margin x Investment turnover investment (ROI) Rate of return on = x investment (ROI) Road Bike Division: ROI = x = Mountain Bike Division: ROI = x = 3. Road Bike Division residual income: Mountain Bike Division residual income: 4. Road Bike Division Mountain Bike Division...
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This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.

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24-5B_22e - Income from operations 2. Rate of return on =...

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