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Home Q & A Board Other Fields Homework Help Business Accounting
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Josh Josh
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5 years ago
Antique Corp uses the investment center concept for the museums that it manages. Selected operating data for three of its museums for 2015 are as follows:
 
OhioDallasTexas
Revenue$1,200,000$1,500,000$1,800,000
Operating assets700,000500,000600,000
Net operating income105,000115,000120,000

Required:
a.Compute the return on investment for each division.
b.Which museum manager is doing best based only on ROI? Why?
c.What other factors should be included when evaluating the managers?
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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ashlenashlen
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5 years ago
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Josh Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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