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Compute the roi for each division

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Question - Three divisions of Jameson Co. report the following sales and operating data:

 

Fitness Training

Spa Services

Athletic Wear

Sales

$550,000

$800,000

$700,000

Average operating assets

$110,060

$160,060

$140,000

Operating income

$11,000

$16,000

$21,000

Minimum required rate of return

6%

8%

6%

Required - Compute the ROI for each division, using the formula stated in terms of margin and turnover.

Reference no: EM133140554

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