FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Consider the following data and determine which of the corporate divisions is more profitable. Explain your reasoning.
Domestic
International
Operating income
$8,000,000 $
11,000,000
Average total assets
20,000,000
32,000,000
C
Begin by selecting the formula to calcula return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to one decimal place, X.X%)
ROI
%
Domestic
%
International
In terms of return on investment (ROI) the
Division is more profitable because
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Transcribed Image Text:Consider the following data and determine which of the corporate divisions is more profitable. Explain your reasoning. Domestic International Operating income $8,000,000 $ 11,000,000 Average total assets 20,000,000 32,000,000 C Begin by selecting the formula to calcula return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to one decimal place, X.X%) ROI % Domestic % International In terms of return on investment (ROI) the Division is more profitable because
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