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[The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. ($millions)
[The following information applies to the questions displayed below.]
A food manufacturer reports the following for two of its divisions for a recent year.
($millions) | Beverage Division | Cheese Division | |||||
Invested assets, beginning | $ | 2,697 | $ | 4,490 | |||
Invested assets, ending | 2,611 | 4,418 | |||||
Sales | 2,699 | 3,943 | |||||
Operating income | 367 | 652 | |||||
1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year.
Compute return on investment. (Enter your answers in millions.)
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Compute profit margin. (Enter your answers in millions.)
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Compute investment turnover for the year. (Enter your answers in millions.)
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