Samantha Tu, president of Superior Appliances, Inc., an appliance manufacturer in Seattle, Washington, has been trying to decide whether one of her product-line managers, Steve Mann, has been achieving the companywide return-on-sales target of 30%. Samantha has just received data from the new target costing system regarding Steve's operation. Steve's sales volume was 650,000 appliances with an average selling price of $1,100 and expenses totaling $429 million. Requirement Determine whether Steve's return-on-sales ratio has met the companywide target. Has Steve done a good or a poor job? Explain. Select the labels and calculate the return-on-sales ratio. (Enter amounts in dollars, not in millions. Enter the ratio as a whole number.) ___/___ = Retum-on-sales %
___/___ = ___%%
Steve's return-on-sales ratio___met the companywide target. Has Steve done a good or a poor job? Explain. Steve has done a___job in controlling costs and setting prices, indicated by the____ performance. Two areas of importance for evaluating Steve's performance include his ability to___and his accuracy in____