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! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for
! Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Beverage Cheese Division Division $2,684 $4,477 2,604 4,411 2,692 360 3,936 645 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment. (Enter your answers in millions.) Return on Investment Choose Numerator: Investment Center Operating income Choose Denominator: Average invested assets = Return on Investment = Return on investment Beverage Cheese = 0 < Required 1 Required 2 >
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
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