Business, 12.08.2020 17:01 JamesLachoneus

A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Beverage Division Cheese Division
Invested assets, beginning $2,680 $4,473
Invested assets, ending 2,602 4,409
Sales 2,690 3,934
Operating income 358 643
Required:
1. Compute return on investment.
2. Compute profit margin.
3. Compute investment turnover for the year.
Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division.

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A food manufacturer reports the following for two of its divisions for a recent year. ($ millions)...