Question
Procter & Gamble has two divisions: Cleaning Products and Beauty Products. The following data is available: Division Sales ($) Operating Income ($) Average Assets ($)
Procter & Gamble has two divisions: Cleaning Products and Beauty Products. The following data is available:
Division | Sales ($) | Operating Income ($) | Average Assets ($) |
Cleaning Products | $5,000,000 | $1,200,000 | $10,000,000 |
Beauty Products | $4,000,000 | $900,000 | $8,000,000 |
Calculate the return on assets (ROA) for each division.
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
978-0078025679
