The sales, income from operations, and invested assets for each division of Jackson Corporation are as...
The sales, income from operations, and invested assets for each division of Jackson Corporation are as follows:
|
Sales |
Income from Operations |
Invested Assets |
|
|
Division E |
$4,000,000 |
$550,000 |
$2,400,000 |
|
Division F |
4,800,000 |
760,000 |
2,500,000 |
|
Division G |
7,000,000 |
860,000 |
2,800,000 |
|
Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division. Round answers to one decimal place. |
|
|
Which Division is the most profitable per dollar invested? |
Homework Answers
| Formula | Division E | Division F | Division G | |
| Profit margin | Operating income/ Sales | $550000*100/4000000= 13.75% | $760000*100/4800000= 15.83% | $860000*100/7000000= 12.29% |
| Investment turnover | Sales/ Invested assets | $4000000/2400000= 1.67 times | $4800000/2500000= 1.92 times | $7000000/2800000= 2.5 times |
| Rate of return on investment | Operating income/ Invested assets | $550000*100/2400000= 22.92% | $760000*100/2500000= 30.4% | $860000*100/2800000= 30.71% |
Which Division is the most profitable per dollar invested?
Division G as division G has the highest Rate of return on Investment
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