Question list

Canvas Paints is a national paint manufacturer and retailer.

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Assume that management has specified a $18\%$ target rate of return.

Read the requirements.

Question $3$

Requirement $1.$ Calculate each division's ROI.

$x$ Question $4$

First enter the formula, then calculate the ROI for each division. $($Enter the ROI as a percent rounded to the nearest hundredth of a percentage, X$.$XX$\%.)$

Data table

The company is segmented into five divisions: Paint Stores $($branded retail location$),$ Consumer $($paint sold through stores such as Home Depot and Lowe's$),$ Automotive $($sales to auto manufacturers$),$ International, and Administration. The following is selected hypothetical divisional information for the company's two largest divisions: Paint Stores and Consumer $($in thousands of dollars$).$

$\backslash$table$[[,$Sales,Operating Income,Total Assets$],[$Paint Stores dots.,$$3,920,000,$$$,490,000,$$$1,400,000$