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Three divisions of Jameson Co. report the following sales and operating data: Fitness Spa Athletic Training Services Wear Sales $550,000 $800, 000 $700,000 Average operating
Three divisions of Jameson Co. report the following sales and operating data: Fitness Spa Athletic Training Services Wear Sales $550,000 $800, 000 $700,000 Average operating assets $110, 060 $160, 060 $140, 000 Operating income $ 11, 000 $ 16,000 $ 21,000 Minimum required rate of return 6% 8% 6% Required: 1. Compute the ROI for each division, using the formula stated in terms of margin and turnover. ROI Fitness training % Spa services % Athletic wear %
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