Question
Return on investment The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets
Return on investment
The operating income and the amount of invested assets in each division of Conley Industries are as follows:
| Operating Income | Invested Assets | |||
| Retail Division | $140,800 | $640,000 | ||
| Commercial Division | 79,800 | 420,000 | ||
| Internet Division | 73,100 | 430,000 | ||
a. Compute the return on investment for each division. (Round to the nearest whole percentage.)
| Division | Percent |
| Retail Division | % |
| Commercial Division | % |
| Internet Division | % |
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Insights Into The Effectiveness Of Internal Audit
Authors: Rainer Lenz
1st Edition
3659852414, 978-3659852411
