Solve below problem 29. The Global Products Corporation has three subsidiaries.Analysis by divisions(LO3-2)Medical SuppliesHeavy MachineryElectronics$20,040,000$5,980,000$4,730,000SalesNet income (after taxes) ...1,700,000592,000402,0008,340,0008,760,0003,570,000Assetsа.Which division has the lowest return on sales?b.Which division has the highest return on assets?c. Compute the return on assets for the entire corporation.d. If the $8,760,000 investment in the heavy machinery division is sold off andredeployed in the medical supplies subsidiary at the same rate of return onassets currently achieved in the medical supplies division, what will be thenew return on assets for the entire corporation?

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29. The Global Products Corporation has three subsidiaries. Heavy Machinery Electronics Medical Supplies $20,040,000 $5,980,000 $4,730,000 Sales 1,700,000 592,000 402,000 Net income (after taxes) 8,340,000 8,760,000 3,570,000 Assets a. Which division has the lowest return on sales? b. Which division has the highest return on assets? Compute the return on assets for the entire corporation. C.

29. The Global Products Corporation has three subsidiaries. Heavy Machinery Electronics Medical Supplies $20,040,000 $5,980,000 $4,730,000 Sales 1,700,000 592,000 402,000 Net income (after taxes) 8,340,000 8,760,000 3,570,000 Assets a. Which division has the lowest return on sales? b. Which division has the highest return on assets? Compute the return on assets for the entire corporation. C.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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The Global Products Corporation has three subsidiaries. Medical Supplies Heavy Machinery Electronics Sales $20,040,000 $5,980,000 $4,730,000 Net Income (after taxes) 1,700,000 592,000 402,000 Assets 8,340,000 8,760,000 3,570,000 Which division has the lowest return on sales? Which division has the highest return on assets? Compute the return on assets for the entire corporation? If the $8,760,000 investment in the heavy machinery division is sold off and redeployed in the medical supplies subsidiary at the same rate of return on assets currently achieved in the medical supplies division, what will be the new return on assets for the entire corporation?
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The Global Products Corporation has three subsidiaries: Medical Supplies Heavy Machinery Electronics Sales.......... $20,040,000 $5,980,000 $4,730,000 Net income 1,700,000 592,000 402,000 (after taxes) Assets............8,340,000 8,760,000 3,570,000 a. Which division has the lowest return on sales? b. Which division has the highest return on assets? c. Compute the return on assets for the entire corporation. d. If the $8,760,000 investment in the heavy machinery division is sold off and redeployed in the medical supplies subsidiary at the same rate of return on assets currently achieved in the medical supplies division, what will be the new return on assets for the entire corporation?
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The Global Products Corporation has three subsidiaries. Sales Net income (after taxes) Assets Medical Supplies Heavy Machinery Electronics a-1. What is the return on sales for each subsidiary? Note: Input your answers as a percent rounded to 2 decimal places. O Medical Supplies O Electronics Medical Supplies Heavy Machinery $ 20,590,000 $5,140,000 1,830,000 19,900,000 a-2. Which subsidiary has the lowest return on sales? Heavy Machinery Return on Sales % % % Medical Supplies Heavy Machinery Electronics 697,000 8,450,000 b-1. What is the return on assets for each subsidiary? Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets % % % Electronics $ 4,190,000 364,000 3,860,000