Question
Return on investment The operating income and the amount of invested assets in each division of Stewart Industries are as follows: Line Item Description Operating
Return on investment
The operating income and the amount of invested assets in each division of Stewart Industries are as follows:
| Line Item Description | Operating Income | Invested Assets |
|---|---|---|
| Retail Division | $140,800 | $640,000 |
| Commercial Division | 136,800 | 570,000 |
| Data Analytics Division | 106,200 | 590,000 |
a. Compute the return on investment for each division. (Round to the nearest whole percentage.)
| Division | Percent |
|---|---|
| Retail Division | fill in the blank 1 % |
| Commercial Division | fill in the blank 2 % |
| Data Analytics Division | fill in the blank 3 % |
b. Which division is the most profitable per dollar invested?
___________
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The Audit Guide For Beginners Understanding Fiduciary Responsibilities
Authors: Oren Rohleder
1st Edition
B0B1M56DMY, 979-8829314019
