Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Compute return on investment. Compute profit margin. Compute investment turnover for the year. Beverage Division $2,685 2,605 2,693 361 Cheese Division $4,480 4,412 3,937 646
Required information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Compute return on investment. Compute profit margin. Compute investment turnover for the year. Beverage Division $2,685 2,605 2,693 361 Cheese Division $4,480 4,412 3,937 646
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 5PB: Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx,...
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![Required information
[The following information applies to the questions displayed below.]
A food manufacturer reports the following for two of its divisions for a recent year.
($ millions)
Invested assets, beginning
Invested assets, ending
Sales
Operating income
- Compute return on investment.
Compute profit margin.
Compute investment turnover for the year.
Investment Center
Beverage
Cheese
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Compute return on investment. (Enter your answers in millions.)
Investment Center
Beverage
Cheese
Investment Center
Beverage
Cheese
Choose Numerator:
($ millions)
Required 1 Required 2 Required 3
Compute profit margin. (Enter your answers in millions.)
Profit Margin
Targeted return
Target Income
Residual Income
Choose Numerator:
Residual income
Choose Numerator:
Return on Investment
1
1
1
Beverage
Beverage
Division
$2,685
2,605
2,693
361
Beverage
1
1
1
Investment Turnover
1
1
Cheese
Division
Choose Denominator:
1
$4,480
4,412
3,937
646
Choose Denominator:
Required 1 Required 2 Required 3
Compute investment turnover for the year. (Enter your answers in millions.)
/Choose Denominator:
Cheese
Cheese
=
=
=
=
=
=
a
=
=
Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division. (Enter
your answers in millions.)
=
.
Return on Investment
Return on investment
Profit Margin
Profit margin
Investment Turnover
Investment turnover](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe78e1aa3-b968-4289-8bbd-5fb9c4477203%2F0351788f-fb6f-424c-a536-52acb1f94d02%2Fbvlhic_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
A food manufacturer reports the following for two of its divisions for a recent year.
($ millions)
Invested assets, beginning
Invested assets, ending
Sales
Operating income
- Compute return on investment.
Compute profit margin.
Compute investment turnover for the year.
Investment Center
Beverage
Cheese
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Compute return on investment. (Enter your answers in millions.)
Investment Center
Beverage
Cheese
Investment Center
Beverage
Cheese
Choose Numerator:
($ millions)
Required 1 Required 2 Required 3
Compute profit margin. (Enter your answers in millions.)
Profit Margin
Targeted return
Target Income
Residual Income
Choose Numerator:
Residual income
Choose Numerator:
Return on Investment
1
1
1
Beverage
Beverage
Division
$2,685
2,605
2,693
361
Beverage
1
1
1
Investment Turnover
1
1
Cheese
Division
Choose Denominator:
1
$4,480
4,412
3,937
646
Choose Denominator:
Required 1 Required 2 Required 3
Compute investment turnover for the year. (Enter your answers in millions.)
/Choose Denominator:
Cheese
Cheese
=
=
=
=
=
=
a
=
=
Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division. (Enter
your answers in millions.)
=
.
Return on Investment
Return on investment
Profit Margin
Profit margin
Investment Turnover
Investment turnover
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