The operating income and the amount of invested assets in each division of Conley Industries are as follows:   Operating Income Invested Assets Retail Division $184,800   $840,000   Commercial Division 142,500   570,000   Internet Division 197,600   760,000     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?

Question

The operating income and the amount of invested assets in each division of Conley Industries are as follows:

  Operating Income Invested Assets
Retail Division $184,800   $840,000  
Commercial Division 142,500   570,000  
Internet Division 197,600   760,000  

 

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?
 

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an...

A: a. Record entry to issue petty cash fund as shown below:

Q: Explain the situations under which a firm is dissolved.

A: Partnership: Partnership is defined as an association of two or more persons to carry business for p...

Q: Differentiate between purpose-type restrictions and time restrictions with regards to the use of res...

A: Not-for Profit Organization: A not for profit organization, is a business type operated by individua...

Q: Martinez Company owns equipment that cost $1,053,000 and has accumulated depreciation of $444,600. T...

A: Computation of impairment loss:

Q: Discuss the methods of preparation  and the utility of a Trial balance

A: Trial balance: Trial balance is a summary of all the ledger account balances presented in a tabular ...

Q: Packaging equiptment purchased 12 years ago for $240,000 was sold for $100,000 cash. Accumulated Dep...

A: Prepare journal entry for the loss on sale of equipment:

Q: January 15th Received $15,000 from Bob for 6 month's of consulting revenue to start next month. I ne...

A: Unearned revenue: It refers to the amount that is received in advance for a goods or service which i...

Q: Define salvage value? Give three examples?

A: Salvage value: Projected resale value of an asset, at the time of useful life. It is known as Salvag...

Q: Parrish 2-9 Pg. 38 For the following T-Account, calculate the missing amount and please explain how ...

A: T-account: The condensed form of a ledger is referred to as T-account. The left-hand side of this ac...