Return on Investment During 2009, the Hopewell and Hamilton divisions of Granger Company reported the following:

1. What was each division’s asset turnover ratio in 2009?
2. What profit margin ratio would each division need in order to generate an ROI of 25%?

Transcribed Image Text:

Hopewell Hamilton Division Division ROI 12% 24% Profit margin ratio 3% 4% Revenue $72,000 $90,000 Total assets $18,000 $15,000