A food manufacturer reports the following for two of its divisions for a recent year. ($ millions)Beverage Division Cheese DivisionInvested assets, beginning$2,664 $4,457 Invested assets, ending 2,594 4,401 Sales 2,682 3,926 Operating income 350 635 1. Compute return on investment.2. Compute profit margin.3. Compute investment turnover for the year.

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Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...

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A food manufacturer reports the following for two of its divisions for a recent year.

($ millions)	Beverage Division		Cheese Division
Invested assets, beginning	$	2,664		$	4,457
Invested assets, ending		2,594			4,401
Sales		2,682			3,926
Operating income		350			635

1. Compute return on investment.
2. Compute profit margin.
3. Compute investment turnover for the year.

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