Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two divisions for the current year: Retail Division Wholesale Division Operating income $ 2,500,000 $ 6,000,000 Operating assets $ 16,000,000 $ 36,000,000 Terra Company has set a target return on investment (ROI) of 15% for both divisions. Based on ROI, which division appears to have performed better?
a. Wholesale division.
b. The answer cannot be determined using the information provided.
c. Both divisions have the same results.
d. Retail division.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tom tends to be ignorant about technological advancements. He was reluctant to own a smartphone even when they were well established and familiar in the market.
Answers (1)
True or false? low-skilled us labor was in favor of nafta because it will inevitably increase the standard of living for the country as a whole.
Answers (1)
In a mutual fund, investors share equally in profits, losses, and management decisions. True or False?
Answers (1)
You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of:a. A futures market transaction. b. A primary market transaction. c.
Answers (1)
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank, 6/30 $13,000 Note receivable collected by bank 4,000 Outstanding checks 7,000 Deposits-in-transit 2,500 Bank service
Answers (1)
New Questions in Business
How have technological advancements in knitting affected fabric production? A. by increasing the use of yarn B. by increasing the cost of production C. by increasing design possibilities D. by improving fabric quality E.
Answers (1)
A country that has multinational corporations is most likely to be
Answers (2)
If a tree grew more than 3 feet during the year, how much more likely is it that the tree was at most 50 yards from the river?
Answers (2)
An HP-10BII can solve problems with up to 15 beginning-of-year cash flows when there are no consecutive equal cash flows. True / False.
Answers (1)
Do you think we need to prioritize wants? why
Answers (1)