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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. Beverage Cheese ($ millions) Division Division $2,697 $4,490 Invested assets, beginning Invested assets, ending Sales 2,611 4,418 2,699 3,943 652 Operating income 367 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: 1 Choose Denominator: Investment Center 1 Beverage 1 Cheese 1 Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin Choose Numerator: 1 Investment Center 1 Beverage 1 Cheese 1 Profit Margin Profit margin Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Investment Turnover Choose Numerator: 1 Choose Denominator: Investment Center 1 = Beverage 1 = Cheese
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