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Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South Wales Sales $ 1,800,000 $ 3,190,000
| Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: |
| Division | ||||
| Queensland | New South Wales | |||
| Sales | $ | 1,800,000 | $ | 3,190,000 |
| Average operating assets | $ | 500,000 | $ | 580,000 |
| Net operating income | $ | 187,200 | $ | 223,300 |
| Property, plant, and equipment (net) | $ | 266,000 | $ | 216,000 |
| Required: | ||||||||||||||||||||||
| 1. | Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. (Round your answers to 2 decimal places.)
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