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Sullivan Company has three divisions, Larry, Moe, and Curly. The company has a hurdle rate of 6.51 percent. Selected operating data of the three divisions
Sullivan Company has three divisions, Larry, Moe, and Curly. The company has a hurdle rate of 6.51 percent. Selected operating data of the three divisions follow: |
Larry | Moe | Curly | ||||
Sales | $ | 327,000 | $ | 227,000 | $ | 300,000 |
Cost of goods sold | 208,000 | 115,000 | 194,000 | |||
Miscellaneous operating expenses | 42,000 | 30,000 | 33,000 | |||
Allocated corporate expenses | 22,000 | 12,000 | 19,000 | |||
Average invested assets | 1,300,000 | 930,000 | 1,125,000 | |||
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Compute the return on investment for each division. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)
Return on investment
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