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The income from operations and the amount of invested assets in each division of Devon Industries are as follows:

Sporting Goods Division: Income from Operations 80,000 Invested assets: 400,000
Health Care Division: Income from Operations: 41,600 Invested Assets: 260,000
Commercial Divsion: Income from Operations: 70,400 Invested assets: 320,000

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

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403156

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