New return on assets for the whole corporation, Accounting Basics

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New return on assets for the whole corporation

The United World Corporation has three subsidiaries.

	Computers	Magazines	Cable TV
Sales	$16,000,000	$4,000,000	$8,000,000
Net Income (after taxes)	1,000,000	160,000	600,000
Assets	5,000,000	2,000,000	5,000,000

If the $5,000,000 investment in the Cable TV division is soldoff and redeployed in the computer division at the same rate of return on assets currently achieved in the computer division, whatwill be the new return on assets for the entire corporation?

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Accounting Basics: New return on assets for the whole corporation

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Accounting Basics: New return on assets for the whole corporation

Reference No:- TGS0555015

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Recent Questions Asked Accounting Basics

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Q : How to prepare reversing entries from adjusting entries

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: New return on assets for the whole corporation

Reference No:- TGS0555015

Recent Questions Asked Accounting Basics

Q : Provisions in the lease agreement

Q : What price per unit would have been charged to the customer

Q : How to prepare reversing entries from adjusting entries

Q : Lance lawn services reports warranty expense

Q : New return on assets for the whole corporation

Q : The market value of the stock on the grant date

Q : Compute the amount to be reported as income taxes payable

Q : Compute amount to be reported as income taxes payable

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