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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 $ 2,672
A food manufacturer reports the following for two of its divisions for a recent year.
($millions) | Beverage Division | Cheese Division | |||||
Invested assets, beginning | $ | 2,672 | $ | 4,465 | |||
Invested assets, ending | 2,598 | 4,405 | |||||
Sales | 2,686 | 3,930 | |||||
Operating income | 354 | 639 | |||||
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 3 Required 2 Compute return on investment. (Enter your answers in millions.) Return on Investment IChoose Denominator: Return on Investment Choose Numerator: Investment Center Operating income 354 Average invested assets Return on investment Beverage 0 Cheese $ 639 0 Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 Compute profit margin. (Enter your answers in millions.) Profit Margin IChoose Denominator: Choose Numerator: Profit Margin Profit margin Investment Center Beverage Cheese 0 Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover Choose Denominator: Choose Numerator: Investment Turnover Investment Center Investment turnover Beverage 0 Cheese 0Step by Step Solution
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