Question
A manufacturer reports the following for two of its divisions for a recent month. Beverage Division Cheese Division Average assets $ 5,000 $ 10,000 Sales
A manufacturer reports the following for two of its divisions for a recent month.
| Beverage Division | Cheese Division | |
|---|---|---|
| Average assets | $ 5,000 | $ 10,000 |
| Sales | 3,000 | 5,000 |
| Income | 600 | 800 |
For each division, compute: 1. return on investment. 2. profit margin. 3. investment turnover.
Compute investment turnover
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
