Question
The income from operations and the amount of invested assets in each division of Beck Industries are as follows: Income from Operations Invested Assets Retail
The income from operations and the amount of invested assets in each division of Beck Industries are as follows:
| Income from Operations | Invested Assets | |||
| Retail Division | $105,000 | 500,000 | ||
| Commercial Division | 120,600 | 670,000 | ||
| Internet Division | 62,900 | 370,000 | ||
a. Compute the rate of return on investment for each division. (Round to the nearest whole number.)
| Division | Percent |
| Retail Division | % |
| Commercial Division | % |
| Internet Division | % |
b. Which division is the most profitable per dollar invested?
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Risky Business Principles Of Auditing Property And Casualty Insurance
Authors: Seth A. Davis, CIA, CPA, CPCU, CFA, CISA
1st Edition
0894139711, 978-0894139710
