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 | $182,600 | $830,000 | ||
| Commercial Division | 117,800 | 620,000 | ||
| Internet Division | 218,400 | 840,000 | ||
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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The Craft Of Auditing For Accounting Undergraduates
Authors: Eldar Maksymov
1st Edition
1516589890, 9781516589890
