The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Operations Invested Assets Retail Division $9,350,000 $55,000,000 Commercial Division 10,640,000 38,000,000 Internet Division 2,240,000 16,000,000 a. Compute the return on investment for each division. Division Percent Retail Division fill in the blank 1% Commercial Division fill in the blank 2% Internet Division fill in the blank 3% b. Which division is the most profitable per dollar invested?
The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Operations Invested Assets Retail Division $9,350,000 $55,000,000 Commercial Division 10,640,000 38,000,000 Internet Division 2,240,000 16,000,000 a. Compute the return on investment for each division. Division Percent Retail Division fill in the blank 1% Commercial Division fill in the blank 2% Internet Division fill in the blank 3% b. Which division is the most profitable per dollar invested?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The income from operations and the amount of invested assets in each division of Shiner Industries are as follows:
| Income from Operations |
Invested Assets |
|||
| Retail Division | $9,350,000 | $55,000,000 | ||
| Commercial Division | 10,640,000 | 38,000,000 | ||
| Internet Division | 2,240,000 | 16,000,000 |
a. Compute the
| Division | Percent |
| Retail Division | fill in the blank 1% |
| Commercial Division | fill in the blank 2% |
| Internet Division | fill in the blank 3% |
b. Which division is the most profitable per dollar invested?
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