Rate of return on investment OBJ. 4 The income from operations and the amount of invested assets
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Rate of return on investment OBJ. 4 The income from operations and the amount of invested assets in each division of Magentic Zero Industries are as follows:
Income from Operations Invested Assets Retail Division $343,200 $1,320,000 Commercial Division 320,000 1,600,000 Internet Division 176,000 800,000
a. Compute the rate of return on investment for each division.
b. Which division is the most profitable per dollar invested?
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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