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Given the following information, calculate the ROI and the RI for the Cub Division of Bear, Inc. Break ROI into profit margin and asset turnover
Given the following information, calculate the ROI and the RI for the Cub Division of Bear, Inc. Break ROI into profit margin and asset turnover components.
Sales $1,000,000
Cost of Goods Sold $ 700,000
SG&A Expenses 200,000
Operating Assets (January 1). $1,250,000
Operating Assets (December 31). .$1,750,000
Required Rate of Return 8%
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