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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $ 2,697 2,611 2,699 367 Cheese Division $ 4,490 4,418 3,943 652 Exercise 22-12 Return on investment LO A1, A2 1. Compute return on investment. 2. Compute profit margin. 3. Compute investment turnover for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on investment. (Enter your answers in millions.) = Choose Numerator: Investment Center Operating income Beverage Return on Investment 1 Choose Denominator: 1 Average invested assets 1 Return on Investment Return on investment Il O Cheese = 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Profit Margin 1 Choose Denominator: Choose Numerator: II Profit Margin Profit margin Investment Center Beverage Cheese 1 II 0 = 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Choose Numerator: Investment Turnover 1 Choose Denominator: 1 = Investment Turnover Investment turnover Investment Center Beverage Cheese 0 1 = 0

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