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Accounting Homework

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The 2007 income statement for the east division of the Homegoods Company is as follows;Sales $2,000,000;Operating expenses 1,250,000;Net operating income 750,000;Interest expense 150,000;Earnings before taxes 600,000;Tax expense (40%) 240,000;Net Income $360,000;If this division's invested capital is $3,000,000 then its return on investment is

 

Paper#80643 | Written in 18-Jul-2015

Price : $22
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