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

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