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Homework answers / question archive / The income from operations and the amount of invested assets in each division of Devon Industries are as follows:     Income from Operations Invested Assets Sporting Goods Division $163,800 780,000 Health Care Division 61,200 340,000 Commercial Division 48,000 300,000 a

The income from operations and the amount of invested assets in each division of Devon Industries are as follows:     Income from Operations Invested Assets Sporting Goods Division $163,800 780,000 Health Care Division 61,200 340,000 Commercial Division 48,000 300,000 a

Accounting

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

 

  Income from Operations Invested Assets
Sporting Goods Division $163,800 780,000
Health Care Division 61,200 340,000
Commercial Division 48,000 300,000

a. Compute the rate of return on investment for each division. (Round to the nearest whole number.)

 

Division Percent
Sporting Goods Division _____%
Health Care Division _____%
Commercial Division _____%

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

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