The following data have been collected for the past two years for the Northern Division of Loring Company:
2005 2006
Sales $50,000,000 $50,000,000
Operating Income 4,500,000 4,100,000
Average Operating Assets 25,000,000 25,000,000
REQUIRED:
1. COMPUTE THE MARGIN AND TURNOVER RATIOS FOR EACH YEAR.
2. COMPUTE THE ROI FOR EACH YEAR.
3. EXPLAIN WHY THE DIVISION EXPERIENCED A DECREASED A ROI FROM 2005 TO 2006.
The following data have been collected for the past two years for the Northern Division of Loring Company:
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