Questions: Peoria Food Emporium collected the following information on its business segments: - Consumer Division Restaurant Division - Operating Income: 167,000 220,000 - Invested Assets: 92,000 164,000 - Sales: 246,000 340,000 Which division had a better investment turnover and how many times did it turn over?

Peoria Food Emporium collected the following information on its business segments: - Consumer Division Restaurant Division - Operating Income: 167,000 220,000 - Invested Assets: 92,000 164,000 - Sales: 246,000 340,000 Which division had a better investment turnover and how many times did it turn over?
Transcript text: Peoria Food Emporium collected the following information on its business segments: \begin{tabular}{|l|l|l|} \hline & Consumer Division & Restaurant Division \\ \hline Operating Income & $\$ 167,000$ & $\$ 220,000$ \\ \hline Invested Assets & $\$ 92,000$ & $\$ 164,000$ \\ \hline Sales & $\$ 246,000$ & $\$ 340,000$ \\ \hline \end{tabular} Which division had a better investment turnover and how many times did it turn over?
failed

Solution

failed
failed

Calculate the investment turnover for the Consumer Division.

Formula for investment turnover

Investment turnover is calculated as:
\[ \text{Investment Turnover} = \frac{\text{Sales}}{\text{Invested Assets}} \]

Substitute values for the Consumer Division

For the Consumer Division:
\[ \text{Investment Turnover} = \frac{\$246,000}{\$92,000} = 2.6739 \]

The investment turnover for the Consumer Division is \\(\boxed{2.67}\\).

Calculate the investment turnover for the Restaurant Division.

Formula for investment turnover

Investment turnover is calculated as:
\[ \text{Investment Turnover} = \frac{\text{Sales}}{\text{Invested Assets}} \]

Substitute values for the Restaurant Division

For the Restaurant Division:
\[ \text{Investment Turnover} = \frac{\$340,000}{\$164,000} = 2.0732 \]

The investment turnover for the Restaurant Division is \\(\boxed{2.07}\\).

Compare the investment turnovers of the two divisions.

Compare the calculated values

The Consumer Division has an investment turnover of \\(\boxed{2.67}\\), while the Restaurant Division has an investment turnover of \\(\boxed{2.07}\\).

Determine which division has a better investment turnover

Since \\(\boxed{2.67 > 2.07}\\), the Consumer Division has a better investment turnover.

The Consumer Division has a better investment turnover, turning over \\(\boxed{2.67}\\) times.

The investment turnover for the Consumer Division is \\(\boxed{2.67}\\).
The investment turnover for the Restaurant Division is \\(\boxed{2.07}\\).
The Consumer Division has a better investment turnover, turning over \\(\boxed{2.67}\\) times.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Write an original paragraph describing the events of a day's journey on a pioneer trail. Remember that this is your story. Imagine that you are writing this to your friends and family back home. Make it personal while including appropriate details.
failedAnswered
Select all that apply Choose the true statements about protein. Proteins are organic molecules. All living organisms contain protein. Proteins are made of carbon, hydrogen, oxygen, and nitrogen.
failedAnswered
A state government's authority to regulate the safety, health, and morals of its citizens is called a(n) power. - police - reserved - concurrent - implied Which powers, derived from the Tenth Amendment, are neither delegated to the national government nor denied to the states? - concurrent - expressed - police - reserved The privileges and immunities clause of Article IV is also referred to as the clause. - federalism - vesting - comity - dual sovereignty
failedAnswered
A normal population has mean μ=39 and standard deviation σ=16. Find the values that separate the middle 85% of the population from the top and bottom 7.5% The values that separate the middle 85% of the population above from the top and bottom 7.5% are and . Enter the answers in ascending order and round to one decimal place.
failedAnswered
There are 15,958,866 adults in a region. If a polling organization randomly selects 1235 adults without replacement, are the selections independent or dependent? If the selections are dependent, can they be treated as independent for the purposes of calculations? Are the selections independent or dependent? A. The selections are independent, because the sample size is small relative to the population. B. The selections are dependent, because the selection is done without replacement. C. The selections are independent, because the selection is done without replacement. D. The selections are dependent, because the sample size is not small relative to the population.