Phone Screens and Computer Screens are two divisions operated as investment centres of Siciliano Ltd. Management wants
Question:
Phone Screens and Computer Screens are two divisions operated as investment centres of Siciliano Ltd. Management wants to know which of the two earned the highest return on investment for the year ended 30 June 2017. The details for each division for the year ended 30 June 2017 were as follows:
Phone Screens | Computer Screens | ||
Sales revenue Interest expense Profit before tax Assets 1 July 2016 Assets 30 June 2017 | $2000000 40000 240000 1000000 1500000 | $2500000 80000 360000 1 800000 1600000 |
Required
Calculate the return on investment for each division.
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Phone Screens Computer Screens Profit before tax 240 000 3...View the full answer
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