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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 a recent
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 Beverage Division $2,665 2,595 2,683 351 Cheese Division $4,458 4,402 3,927 636 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin Choose Denominator: Choose Numerator: 1 Sales Investment Center Beverage Cheese Operating income $ $ Profit Margin Profit margin 6.18% 16.20% $ 3511 636 5,683 X = 3,927 $ * Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted
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