Reference no: EM132625496
Stetson Industries is a manufacturer of affordable menswear. The company manages its business primarily on a geographic basis. There are differences in the methods used to distribute products between the segments.
Selected information about Stetson's segments is included below:
Operating segment Revenues Pretax operating profit (loss) Identifiable assets
Pacific Coast $200,000 $18,000 $1,800,000
Atlantic Coast 36,000 4,000 550,000
Southwest 95,000 12,000 1,425,000
Midwest 52,000 3,000 400,000
Southeast 180,000 12,000 1,750,000
Northeast 25,000 (8,000) 250,000
Totals $588,000 $41,000 $6,175,000
Problem 1: What is the combined total of reportable operating segment revenue in Stetson Industries' Form 10-K?