80.2K

Verified Solution

Link Copied!

[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)	Beverage Division				Cheese Division
Invested assets, beginning	$	2,664			$	4,457
Invested assets, ending		2,594				4,401
Sales		2,682				3,926
Operating income		350				635

Check my work 10 Part 1 of 2 Required information {The following information appiles to the questions displayed below.) Afood manufacturer reports the following for two of its divisions for a recent year. 2 paints ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 2,664 2,594 2,682 350 Cheese Division $ 4,457 4,401 3,926 635 eBook Print 1. Compute return on investment. 2. Compute profit margin 3. Compute investment turnover for the year References 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.) = Retum on Investment Return on Investment ! Choose Denominator: ! Average invested assets 350 ! 635 ! = Choose Numerator: Investment Center Operating income Beverage $ Cheese $ Return on investment 0 0 Required 1 Required 2 > Mc Graw Hill

Answer & Explanation Solved by verified expert

See Answer