Question
Abbygail Books has two divisions, Edmonton and Toronto, and their results for 2011 were as follows: Edmonton Toronto Sales $ 5.5M $7M CoGS $ 2m
Abbygail Books has two divisions, Edmonton and Toronto, and their results for 2011 were as follows:
Edmonton Toronto
Sales $ 5.5M $7M
CoGS $ 2m $2.5M
S&A Expense $1.25M $1.9M
Operating income $ 2.25M $ 2.6M
Investment base (total assets) $8.2M $ 8.7M
The company's desired rate of return is 22%
What are the respective return-on-investment ratios for the Edmonton and Toronto division?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Economics In Minutes 200 Key Concepts Explained In An Instant
Authors: Niall Kishtainy
1st Edition
1782066470, 9781782066477
