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A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 3,250
A food manufacturer reports the following for two of its divisions for a recent year. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 3,250 $ 6,200 Invested assets, ending 3,150 6,100 Sales 2,699 3,943 Operating income 367 652 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.
[The following information applies to the questions displayed below.) 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 $3,250 3,150 2,699 367 Cheese Division $6,200 6,100 3,943 652 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.) Choose Numerator: Investment Center Operating income Return on Investment I Choose Denominator: 1 Average invested assets = = Return on Investment Return on investment Beverage Cheese Required 1 Required 2 > Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin I Choose Denominator: 1 Sales Choose Numerator: Operating income = Profit Margin Profit margin Investment Center Beverage Cheese Required 1 Required 3 > Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover 1 Choose Denominator: Choose Numerator: = Investment Turnover Investment turnover Investment Center Beverage CheeseStep by Step Solution
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