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 | $11,700,000 | $45,000,000 |
| Commercial Division | 12,600,000 | 63,000,000 |
| Data Analytics Division | 1,920,000 | 12,000,000 |
a. Compute the return on investment for each division.
| Division | Percent |
|---|---|
| Retail Division | % |
| Commercial Division | % |
| Data Analytics Division | % |
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
