Question
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 Cheese Division Division $2,679 $4,472 2,601 4,408 2,689 357 3,933 642 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 return on investment. (Enter your answers in millions.) Return on Investment Choose Numerator: Investment Center Operating income Choose Denominator: Sales Beverage Cheese 1 1 Return on Investment = Return on investment = 0 0 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 Numerator: Choose Denominator: = Profit Margin Investment Center 1 II = Profit margin Beverage = 0 Cheese 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover Choose Numerator: Choose Denominator: Investment Center Beverage Cheese Investment Turnover = Investment turnover = 0 = 0
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