Question
The operating income and the amount of invested assets in each division of Stewart Industries are as follows: Line Item Description Operating Income Invested Assets
The operating income and the amount of invested assets in each division of Stewart Industries are as follows:
| Line Item Description | Operating Income | Invested Assets |
|---|---|---|
| Retail Division | $11,700,000 | $45,000,000 |
| Commercial Division | 12,600,000 | 63,000,000 |
| Data Analytics Division | 1,920,000 | 12,000,000 |
a. Compute the return on investment for each division.
| Division | Percent |
|---|---|
| Retail Division | fill in the blank 1 % |
| Commercial Division | fill in the blank 2 % |
| Data Analytics Division | fill in the blank 3 % |
b. Which division is the most profitable per dollar invested?
Commercial DivisionData Analytics DivisionRetail Division
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Managerial Accounting Student Solution Manual Student Solution Manual 2nd Canadian Edition
Authors: Brenda Mallouk
0176407286, 978-0176407285
