Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately...
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Accounting
Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: |
Plastics | Metals | Lumber | Paper | Finance | |||||||||||
Sales to outside parties | $ | 6,694 | $ | 2,354 | $ | 711 | $ | 422 | 0 | ||||||
Intersegment transfers | 148 | 173 | 138 | 150 | 0 | ||||||||||
Interest income from outside parties | 0 | 34 | 21 | 0 | $ | 42 | |||||||||
Interest income from intersegment loans | 0 | 0 | 0 | 0 | 201 | ||||||||||
Operating expenses | 4,214 | 1,762 | 1,066 | 654 | 31 | ||||||||||
Interest expense | 76 | 31 | 66 | 28 | 102 | ||||||||||
Tangible assets | 1,501 | 3,196 | 524 | 771 | 179 | ||||||||||
Intangible assets | 87 | 403 | 0 | 63 | 0 | ||||||||||
Intersegment loans (debt) | 0 | 0 | 0 | 0 | 706 | ||||||||||
|
Ecru does not allocate its $1,460,000 in common expenses to the various segments. |
Perform testing procedures to determine Ecrus reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) |
Revenue test: |
Profit or loss test: |
Asset test: |
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