A food manufacturer reports the following for two of its divisions for a recent year. $ millions
Question:
$ millions __________________________ Beverage Division _____ Cheese Division
Invested assets, beginning .......................... $2,662 ............... $4,455
Invested assets, ending .............................. 2,593 ............... 4,400
Sales ................................................... 2,681 ............... 3,925
Operating income .................................... 349 ............... 634
For each division, compute
(1) Return on investment,
(2) Profit margin,
(3) Investment turnover for the year. Round answers to two decimal places.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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