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Peoria Food Emporium collected the following information on its business segments: Consumer Division Restaurant Division Operating Income $167,000 $220,000 Invested Assets $92,000 $164,000 Sales $246,000
Peoria Food Emporium collected the following information on its business segments: Consumer Division Restaurant Division Operating Income $167,000 $220,000 Invested Assets $92,000 $164,000 Sales $246,000 $340,000 Which division had a better investment turnover and how many times did it turn over? a.) The Consumer Division had a better investment turnover at 0.37 times. b.) The Consumer Division had a better investment turnover at 2.67 times. c.) The Restaurant Division had a better investment turnover at 2.07 times. d.) The Restaurant Division had a better investment turnover at 0.48 times.
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