Question
Return on Investment The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Operations
Return on Investment
The income from operations and the amount of invested assets in each division of Shiner Industries are as follows:
| Income from Operations | Invested Assets | |||
| Retail Division | $64,800 | $360,000 | ||
| Commercial Division | 151,200 | 720,000 | ||
| Internet Division | 68,200 | 310,000 | ||
a. Compute the return on investment for each division. Round to the nearest whole number.
| Division | Percent |
| Retail Division | fill in the blank 1% |
| Commercial Division | fill in the blank 2% |
| Internet Division | fill in the blank 3% |
b. Which division is the most profitable per dollar invested?
Commercial DivisionInternet DivisionRetail Division
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Mastering Accounting Skills
Authors: Margaret Nicholson
3rd Edition
1403992703, 978-1403992703
