Selected operating data for two divisions of Outback Brewing, Ltd. of Australia are as follows:...
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Accounting
Selected operating data for two divisions of Outback Brewing, Ltd. of Australia are as follows:
| Division | ||||
| Queensland | New South Wales | |||
| Sales | $ | 3,900,000 | $ | 6,000,000 |
| Average operating assets | 1,300,000 | 4,000,000 | ||
| Net operating income | 273,000 | 390,000 | ||
| Property, plant, and equipment (net) | 240,000 | 1,700,000 | ||
Required:
1. Compute the rate of return for each division using the ROI formula stated in terms of margin and turnover. (Do not round intermediate calculations and round your final answers to 2 decimal places.)
2. Which divisional manager seems to be doing the better job?
multiple choice
a.Queensland
b. News South Wales
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