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 | $98,000 | $490,000 | ||
| Commercial Division | 145,800 | 810,000 | ||
| Internet Division | 39,000 | 260,000 | ||
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?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
ISBN: 1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
