A food manufacturer reports the following for two of its divisions for a recent year. Beverage Division ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income $2,685 2,605 2,693 361 ercise 22-12 Return on investment LO A1, A2 Compute return on investment. Compute profit margin. Compute investment turnover for the year. Cheese Division $4,480 4,412 3,937 646
A food manufacturer reports the following for two of its divisions for a recent year. Beverage Division ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income $2,685 2,605 2,693 361 ercise 22-12 Return on investment LO A1, A2 Compute return on investment. Compute profit margin. Compute investment turnover for the year. Cheese Division $4,480 4,412 3,937 646
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required 1 Required 2 Required 3
Compute profit margin. (Enter your answers in millions.)
Profit Margin
/ Choose Denominator:
1
1
1
Investment
Center
Beverage
Cheese
Choose Numerator:
Show Transcribed Text
Required 1 Required 2 Required 3
Compute investment turnover for the year. (Enter your answers in millions.)
Investment
Center
Beverage
Cheese
Choose Numerator:
Investment Turnover
1
1
1
Choose Denominator:
=
=
II
=
=
=
Profit Margin
Profit margin
Investment Turnover
Investment turnover
Transcribed Image Text:A food manufacturer reports the following for two of its divisions for a recent year.
Beverage
Division
($ millions)
Invested assets, beginning
Invested assets, ending
Sales
Operating income
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.
Required 1 Required 2 Required 3
Complete this question by entering your answers in the tabs below.
Investment
Center
Beverage
Cheese
$2,685
2,605
2,693
361
Compute return on investment. (Enter your answers in millions.)
Choose Numerator:
Return on Investment
Cheese
Division
$4,480
4,412
3,937
646
1
1 Choose Denominator:
1
1
=
=
=
Return on Investment
Return on investment
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