The contribution layout income statement because that Huerra firm forlast year is offered below:

Net operatingincome360,0007.20
Income count
Net income$252,000$5.04

The agency had average operating assets of $2,000,000 duringthe year.

You are watching: The contribution format income statement for huerra company for last year is given below:

5. Together a an outcome of a more intense initiative by salespeople, salesare enhanced by 20%; operating assets remain unchanged.

5a. What is the Margin %

5b. What is the turn over because that this: This should be asmall number.

5c. What is the ROI %

6. At the start of the year, useless inventory carried onthe books at a expense of $40,000 is scrapped and written off as aloss.

6a. What is the Margin %

6b. What is the rotate over for this: This must be asmall number.

6c. What is the ROI %

7. In ~ the start of the year, the company uses $200,000 ofcash (received on account receivable) to repurchase and retiresome of its common stock.

7a. What is the Margin %

7b. What is the turn over for this: This have to be asmall number.

See more: How Did The Spanish And French Differ In Their Treatment Of American Indians?

7c. What is the ROI %

Feb 21 2020| 12:54 afternoon | addressed
Polly Weimann answer on Sep 07 2020

2 Votes
Answer 5Solution.pdf

Didn"t find what you are looking for? asking a brand-new question

Do friend need solution to a question various from the above? Ask your question!

Previous following

Related Questions

Recent Questions

more questions

Stuck through a question?Your equipment is simply a click away!

Try cost-free for 7 days

try now
evaluation the solution ×
Submit evaluation

YAY! we found solution to your question!

develop an Account ×
Please get in your email address.
Password need to contain 6 to 25 characters without space.
authorize up

Already have actually account? authorize in

Please enter your email address.
Password need to contain 6 come 25 personalities without space.
Forgot Password
sign in

Don"t have account? authorize up


proceed With Google

By creating an account, you agree come our state & conditions

Forgot Password ×
Please get in your email address. submit
The link has to be sent, please examine your email to reset your password.

By producing an account, friend agree to our state & conditions

Loading... ×
yes sir

Download our mobile app for a much better experience

Quick Links
around us call Us QuesBinge Careers Sitemap come to be a Tutor terms & problems Privacy plan
bookkeeping Computer Science business economics Engineering Finance liberal arts
administration Science/Math Statistics writing

© 2020 - 2022 | All legal rights reserved.