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ASAP. A food manufacturer reports the following for two of its divisions for a recent year. Compute return on investment. Profit Margin. Investment turnover for
ASAP. A food manufacturer reports the following for two of its divisions for a recent year. Compute return on investment. Profit Margin. Investment turnover for the year.
($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 2,680 2,602 2,690 358 Cheese Division $ 4,473 4,409 3,934 643 Compute return on investment. (Enter your answers in millions.) Return on Investment 1 Choose Denominator: Choose Numerator: Return on Investment 1 = Return on investment Investment Center Beverage 1 = Cheese Compute profit margin. (Enter your answers in millions.) Choose Numerator: Profit Margin 1 Choose Denominator: / Profit Margin Profit margin = Investment Center 11 1 Beverage Cheese 11 1 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover 1 Choose Denominator: 11 Investment Turnover Choose Numerator: 11 Investment turnover = Investment Center Beverage Cheese Step by Step Solution
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