The sales, operating income, and invested assets for each division of Garner Company are as follows: $$\begin{array} { l r r r }
& & \text { Operating } & \text { Invested } \
& \underline { \text { Sales } } & \underline { \text { Income } } & \underline { \text { Assets } } \
\text { Division } \mathrm{E} & \$ 3,000,000 & \$ 470,000 & \$ 2,500,000 \
\text { Division } \mathrm{F} & 3,600,000 & 430,000 & 2,400,000 \
\text { Division } \mathrm{G} & 6,000,000 & 560,000 & 3,000,000
\end{array}$$ ?
(a)Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division.Round to one decimal place.
(b)Which division is (are) the most profitable as per dollar invested?

Question

The sales, operating income, and invested assets for each division of Garner Company are as follows: $$\begin{array} { l r r r } 
& & \text { Operating } & \text { Invested } \
 & \underline { \text { Sales } } & \underline { \text { Income } } & \underline { \text { Assets } } \
\text { Division } \mathrm{E} & \$ 3,000,000 & \$ 470,000 & \$ 2,500,000 \
\text { Division } \mathrm{F} & 3,600,000 & 430,000 & 2,400,000 \
\text { Division } \mathrm{G} & 6,000,000 & 560,000 & 3,000,000
\end{array}$$ ?
(a)Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division.Round to one decimal place.
(b)Which division is (are) the most profitable as per dollar invested?

Quizplus · Accepted Answer

The Answer of The sales, operating income, and invested assets for each division of Garner Company are as follows: $$\begin{array} { l r r r } 
& & \text { Operating } & \text { Invested } \
 & \underline { \text { Sales } } & \underline { \text { Income } } & \underline { \text { Assets } } \
\text { Division } \mathrm{E} & \$ 3,000,000 & \$ 470,000 & \$ 2,500,000 \
\text { Division } \mathrm{F} & 3,600,000 & 430,000 & 2,400,000 \
\text { Division } \mathrm{G} & 6,000,000 & 560,000 & 3,000,000
\end{array}$$ ?
(a)Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division.Round to one decimal place.
(b)Which division is (are) the most profitable as per dollar invested?

The Sales, Operating Income, and Invested Assets for Each Division