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Pritchard Company reports the below for its beverage and cheese divisions. ($millions) Beverage Division Cheese Division Invested assets, beginning $ 2,668 $ 4,461 Invested assets,
Pritchard Company reports the below for its beverage and cheese divisions.
($millions) | Beverage Division | Cheese Division | |||||
Invested assets, beginning | $ | 2,668 | $ | 4,461 | |||
Invested assets, ending | 2,596 | 4,403 | |||||
Sales | 2,684 | 3,928 | |||||
Operating income | 352 | 637 | |||||
1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.
Required 1 Required 2 Required 3 Compute return on investment. (Enter your answers in millions.) Return on Investment I Choose Denominator: Choose Numerator: - Return on Investment Investment Center Return on investment Beverage Cheese Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin Choose Denominator: Choose Numerator: Profit Margin Profit margin Investment Center Beverage Cheese Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover Choose Denominator: Choose Numerator: = Investment Turnover Investment Center Investment turnover Beverage CheeseStep by Step Solution
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