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For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $1,966,000 $4,029,000 $3,927,000 Controllable margin 1,096,700 2,145,960 3,858,880 Average operating
For its three investment centers, Gerrard Company accumulates the following data:
| I | II | III | ||||
| Sales | $1,966,000 | $4,029,000 | $3,927,000 | |||
| Controllable margin | 1,096,700 | 2,145,960 | 3,858,880 | |||
| Average operating assets | 4,985,000 | 7,948,000 | 12,059,000 |
Compute the return on investment (ROI) for each center.
| I | II | III | ||||
| The return on investment | % | % | % |
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Audits
Authors: Arthur E Cutforth
1st Edition
1017097445, 978-1017097443
