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The following information is for two divisions at Furniture, Inc. Chair Division Couch Division Sales ? $6,000,000 Operating income ? $ 560,000 Operating profit margin
The following information is for two divisions at Furniture, Inc. Chair Division Couch Division Sales ? $6,000,000 Operating income ? $ 560,000 Operating profit margin 11.0% ? Average operating assets $1,250,000 $ 4,000,000 Asset turnover 2.0 ? ROI ? ? What is the ROI for the Chair Division (rounded to the nearest tenth of a percent)? 22.0% 9.0% 12.5% 5.5%
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