The sales, operating income, and invested assets for each division of Garner Company are as follows: Operating Invested Sales Income Assets Division E $3,000,000 $470,000 $2,500,000 Division F 3,600,000 430,000 2,400,000 Division G 6,000,000 560,000 3,000,000 a. Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division. Round to one decimal place. Division E Division F Division G Profit margin X % X % X % Investment turnover X Rate of return on investment X % X % X % b. Which division is the most profitable as per dollar invested? Division E
The sales, operating income, and invested assets for each division of Garner Company are as follows: Operating Invested Sales Income Assets Division E $3,000,000 $470,000 $2,500,000 Division F 3,600,000 430,000 2,400,000 Division G 6,000,000 560,000 3,000,000 a. Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division. Round to one decimal place. Division E Division F Division G Profit margin X % X % X % Investment turnover X Rate of return on investment X % X % X % b. Which division is the most profitable as per dollar invested? Division E
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 11E: The operating income and the amount of invested assets in each division of Conley Industries are as...
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