The operating income and the amount of invested assets in each division of Conley Industries are...
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The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $63,800 $290,000 Commercial Division 112,100 590,000 Internet Division 62,900 370,000 a. Compute the return on investment for each division. (Round to the nearest whole percentage.) Division Percent Retail Division % Commercial Division % Internet Division % b. Which division is the most profitable per dollar invested? Commercial Division Commercial Division Internet Division Retail Division The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $63,800 $290,000 Commercial Division 112,100 590,000 Internet Division 62,900 370,000 a. Compute the return on investment for each division. (Round to the nearest whole percentage.) Division Percent Retail Division % Commercial Division % Internet Division % b. Which division is the most profitable per dollar invested? Commercial Division Commercial Division Internet Division Retail Division
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Answer a A B AB x 100 Operating Income Invested Assets Return o... View the full answer
Related Book For
Financial & Managerial Accounting
ISBN: 978-1337902663
15th edition
Authors: Carl Warren, Jefferson P. Jones, William B. Tayler
Posted Date:
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