For its three investment centers Gerrard Company accumulates the following data Sales Controllable margin Average...
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For its three investment centers Gerrard Company accumulates the following data Sales Controllable margin Average operating assets 2 100 000 1 470 000 5 021 000 11 4 008 000 2 004 000 7 914 000 The expected return 3 911 000 3 519 900 12 150 000 The centers expect the following changes in the next year I increase sales 12 II decrease costs 448 000 III decrease average operating assets 542 000 Compute the expected return on investment ROI for each center Assume center I has a controllable margin percentage of 70 Round ROI to 1 decimal place eg 1 5 11 111
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