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 and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
