Chapter 22 Saved Hel 10 (Smillions) Invested assets, beginning Invested assets,

Question

Chapter 22 Saved Hel 10 (Smillions) Invested assets, beginning Invested assets, ending Sales Operating income everage Division $2,665 2,595 2,683 Cheese Division $4,458 4,402 3,927 Part 1 of 2 351 636 1.25 points 1. Compute return on investment 2. Compute profit margin. 3.Compute investment turnover for the year. eBook Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Compute return on investment. (Enter your answers in millions.) Return on Investment Choose Numerator: Choose Denominator: Return on Investment Return on investment Investment Center Beverage Cheese Required 1 Required 2

Explanation / Answer

1) Return on investment Choose numerator / Choose Denominator = Return on investment investment Center operating income / average operating assets = Return on investment Beverage 351 / 2630 = 13.35% Cheese 636 / 4430 = 14.36% 2) profit margin Choose numerator / Choose Denominator = profit margin investment Center operating income / sales = profit margin Beverage 351 / 2,683 = 13.08% Cheese 636 / 3,927 = 16.20% 3) investment turnover Choose numerator / Choose Denominator = investment turnover investment Center sales / average operating assets= = investment turnover Beverage 2,683 / 2,630 = 1.02 Cheese 3,927 / 4,430 = 0.89

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