Required information

Use the following information for the Exercises below

[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)	Beverage Division				Cheese Division
Invested assets, beginning	$	2,696			$	4,489
Invested assets, ending		2,610				4,417
Sales		2,698				3,942
Operating income		366				651

Exercise 22-12 Return on investment LO A1, A2

1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.

Compute return on investment. (Enter your answers in millions.)

Return on Investment
	Choose Numerator:	/	Choose Denominator:	=	Return on Investment
Investment Center		/		=	Return on investment
Beverage		/		=
Cheese		/		=

• Compute profit margin. (Enter your answers in millions

• Profit Margin
  	Choose Numerator:	/	Choose Denominator:	=	Profit Margin
  Investment Center		/		=	Profit margin
  Beverage		/		=
  Cheese		/		=

• Compute investment turnover for the year. (Enter your answers in millions.)

  Investment Turnover
  	Choose Numerator:	/	Choose Denominator:	=	Investment Turnover
  Investment Center		/		=	Investment turnover
  Beverage		/		=
  Cheese		/		=