Question
The income from operations and the amount of invested assets in each division of Devon Industries are as follows: Income from Operations Invested Assets Sporting
The income from operations and the amount of invested assets in each division of Devon Industries are as follows:
| Income from Operations | Invested Assets | |||
| Sporting Goods Division | $173,800 | 790,000 | ||
| Health Care Division | 199,200 | 830,000 | ||
| Commercial Division | 153,400 | 590,000 | ||
a. Compute the rate of return on investment for each division. (Round to the nearest whole number.)
| Division | Percent |
| Sporting Goods Division | % |
| Health Care Division | % |
| Commercial Division | % |
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
