The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $106,400 $560,000 Commercial Division 44,800 280,000 Internet Division 156,400 680,000 a. Compute the return on investment for each division. (Round to the nearest whole percentage.) Division Percent Retail Division % Commercial Division % Internet Division % b. Which division is the most profitable per dollar invested?
The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating Income Invested Assets Retail Division $106,400 $560,000 Commercial Division 44,800 280,000 Internet Division 156,400 680,000 a. Compute the return on investment for each division. (Round to the nearest whole percentage.) Division Percent Retail Division % Commercial Division % Internet Division % 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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3. The operating income and the amount of invested assets in each division of Conley Industries are as follows:
| Operating Income | Invested Assets | |||
| Retail Division | $106,400 | $560,000 | ||
| Commercial Division | 44,800 | 280,000 | ||
| Internet Division | 156,400 | 680,000 |
a. Compute the
| Division | Percent |
| Retail Division | % |
| Commercial Division | % |
| Internet Division |
% |
b. Which division is the most profitable per dollar invested?
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