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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 $ 2,675
A food manufacturer reports the following for two of its divisions for a recent year.
($millions) | Beverage Division | Cheese Division | ||||||||||||||||||||||||||||||||||||
Invested assets, beginning | $ | 2,675 | $ | 4,468 | ||||||||||||||||||||||||||||||||||
Invested assets, ending | 2,599 | 4,406 | ||||||||||||||||||||||||||||||||||||
Sales | 2,687 | 3,931 | ||||||||||||||||||||||||||||||||||||
Operating income | 355 | 640 | ||||||||||||||||||||||||||||||||||||
1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.
Compute return on investment. (Enter your answers in millions.)
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Compute profit margin. (Enter your answers in millions.)
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Compute investment turnover for the year. (Enter your answers in millions.)
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