Question
Return on investment The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations
Return on investment
The income from operations and the amount of invested assets in each division of Beck Industries are as follows:
| Income from Operations | Invested Assets | |||
| Retail Division | $68,000 | $340,000 | ||
| Commercial Division | 139,400 | 820,000 | ||
| Internet Division | 84,000 | 560,000 | ||
a. Compute the return on investment for each division. (Round to the nearest whole number.)
| Division | Percent |
| Retail Division | % |
| Commercial Division | % |
| Internet Division | % |
b. Which division is the most profitable per dollar invested? Retail Division
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
22nd Edition
126059808X, 978-1260598087
