Question 1 Johanssen Company reported the following information for 2012: Sales...
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Accounting
Question 1
Johanssen Company reported the following information for 2012:
| Sales | $802,000 |
| Average Operating Assets | $390,000 |
| Desired ROI | 15% |
| Residual Income | $ 12,000 |
The company's operating income for 2012 was:
A. $58,500.
B. $120,300.
C. $46,500.
D. $70,500.
Question 2
Home Town Grocery has invested in yogurt stands for its stores. The investment cost the company $100,000. Variable materials, preparation, and marketing costs are expected to be $1.25 a unit and fixed costs are estimated at $7,300 a year. If actual sales were 21,300 servings, what would the ROI be at a sales price of $2.35? (Round your final answer to 2 decimal places.)
A. 42.76%
B. 16.13%
C. 23.43%
D. 36.26%
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