FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Return on Investment
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 | $107,800 | $490,000 | ||
Commercial Division | 148,800 | 620,000 | ||
Internet Division | 110,700 | 410,000 |
a. Compute the return on investment for each division. Round to the nearest whole number.
Division | Percent |
Retail Division | |
Commercial Division | |
Internet Division |
b. Which division is the most profitable per dollar invested?
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