C CengageBrain My Home 2 CengageNowlonline teac... x C chegg study l Guided solu

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C CengageBrain My Home 2 CengageNowlonline teac... x C chegg study l Guided solutio... i http://sjc.cengagenow.com/ilirn/takeAssignment/takeAssignmentMain.do Assignment: Chapter 24 Homework Questions Exercise 24-10 eBook Rate of Return on Investment The income from operations and the amount of invested assets in each division of Steele Industries are as follows: Income from Invested Assets Operations Retail Division $650,000 0,000 400,000 Commercial Division 2,000 Internet Division 137,500 550,000 a. Compute the rate of return on investment for each division. Division percent Retail Division Commercial Division Internet Division b. Which division is the most profitable per dollar invested? Select 0 Icon Exercise 24-10 Cengage Learning l Cengage Technical Support Assignment Score: 37.08% Save Exit Submit Assignment for Grading Question 9 of 9 Check My Work Check My Work Question 9 of 9 Save Exit Submit Assignment for Grading 9:01 AM

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Calculation of the Rate of Return Income Invested Return on Assets Assets Petal 130000 650000 20% (130000*100/650000) Commercial 72000 400000 18% (72000*100/400000) Internet 137500 550000 25% (137500*100/550000) The internet Division is most profitable per dollar

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