Question
Rate of Return on Investment The income from operations and the amount of invested assets in each division of Devon Industries are as follows: Income
Rate of Return on Investment
The income from operations and the amount of invested assets in each division of Devon Industries are as follows:
| Income from Operations | Invested Assets | |||
| Sporting Goods Division | $129,600 | 720,000 | ||
| Health Care Division | 119,700 | 570,000 | ||
| Commercial Division | 98,800 | 760,000 | ||
a. Compute the rate of return on investment for each division. (Round to the nearest whole number.)
| Division | Percent |
| Sporting Goods Division | % |
| Health Care Division | % |
| Commercial Division | % |
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Internal Auditing: Principles And Techniques
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
1st Edition
0894131672, 978-0894131677
