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Which division is the most profitable per dollar invested

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Problem - Rate of return on investment - The income from operations and the amount of invested assets in each division of Steele Industries are as follows:

 

Income from Operations

Invested Assets

Retail Division

$90,000

$500,000

Commercial Division

49,000

350,000

Internet Division

85,000

425,000

Required -

a. Compute the rate of return on investment for each division.

b. Which division is the most profitable per dollar invested?

Reference no: EM132687290

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