9 Required information Use the following information for the Exercises below. [T

Question

9 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below A food manufacturer reports the following for two of its divisions for a recent year Beverage Division $2,676 2,600 2,688 se Smillions) Invested assets, beginning Invested assets, ending Sales operating income Division $4,469 4,407 3,932 356 641 Exercise 22-12 Return on investment LO A1, A2 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. 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.) Return on Investment Choose Numerator: J Choose Denominator: Return on Investment Investment Center Beverage Cheese Return on investment

Explanation / Answer

1. Compute return on investment :

2 profit margin:

3 Investment turnover :

Choose numerator / Choose denominator = Return on investment Investment center Income / Average assets = Return on investment Beverage 356 / 2638 = 13.50% Cheese 641 / 4438 = 14.44%

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