Nature's Elixir Corporation operates three divisions that process and bottle natural fruit juices. The historical-cost...
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Accounting
Nature's Elixir Corporation operates three divisions that process and bottle natural fruit juices. The historical-cost accounting system reports the following in omation for 2014: (Click the icon to view the information.) Nature's Elixir estimates the useful life of each plant to be 12 years, with no teminal disposal value. (Click the icon to see the useful life of the plants and the index of construction costs.) Given the high tumover of current assets, management believes that the historical-cost and current-cost measures of current assets are approximately the same. Read the reguirements. Requirement 1. Compute the ROI ratio (operating income to total assets) of each division using historical-cost measures. Enter the ROI as a percentage rounded to two decimal places e. XXXX%) ROI Operating income Total assets Passion Fruit Division Kiwi Fruit Division Mango Fruit Division Enter any number in the edit fields and then click Check
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