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A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Invested assets, beginning Invested assets, ending Sales Operating income
A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 3,100 3,000 2,696 364 Cheese Division $ 5,900 5,800 3,940 649 Exercise 22-12 Return on investment LO A1, A2 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment. (Enter your answers in millions.) Return on Investment 1 Choose Denominator: Choose Numerator: Return on Investment Investment Center 1 Return on investment / 0 Beverage Cheese 1 0 MIVU MAHUTALTUIEI IEPUIS WIE TUHUVITY TUI LVU UI IS LIVIDIUIS IUI A IC er cai. ($millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 3,100 3,000 2,696 364 Cheese Division $ 5,900 5,800 3,940 649 Exercise 22-12 Return on investment LO A1, A2 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin 1 Choose Denominator: Choose Numerator: Profit Margin Profit margin Investment Center II / Beverage Cheese = = 1
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