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ID: 2514609 • Letter: S
Question
Secure https://newconnect.mheducation.com/flow/connect.html Saved apter 22 Invested assets, beginning Invested assets, ending Sales Operating income $2,689 2,607 2,695 363 $4,484 4,414 3,939 648 Part 1 of 2 125 points 1. Compute return on investment 2. Compute profit margin. 3. Compute investment turnover for the year eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Print References Compute return on investment. (Enter your answers in millions.) Return on Investment Choose NomeratorChoose Denominator l Choose Denominator Return on Investment Investment Center Return on investment Beverage Cheese McExplanation / Answer
Invested assets, beginning; Invested assets, ending; Sales; Operating income. Investment center, Beverage, Cheese
1)
Choose Numerator
/
Choose Denominator
=
ROI
Investment Center
Operating income
/
Average invested assets
=
ROI
Beverage
363
/
2648
13.71%
Cheese
648
/
4449
0.15
2)
Choose Numerator
/
Choose Denominator
=
Profit margin
Investment Center
Operating income
/
Sales
=
Profit margin
Beverage
363
/
2695
13.47%
Cheese
648
/
3939
16.45%
?
?
3)
Choose Numerator
/
Choose Denominator
=
Investment turnover
Investment Center
Sales
/
Average invested assets
=
Investment turnover
Beverage
2695
/
2648
1.02
Cheese
3939
/
4449
0.89
Choose Numerator
/
Choose Denominator
=
ROI
Investment Center
Operating income
/
Average invested assets
=
ROI
Beverage
363
/
2648
13.71%
Cheese
648
/
4449
0.15