Essay
Museum Corporation uses the investment centre concept for the museums that it manages.Select operating data for three of its museums for the current year are as follows:
Required:
a.Compute the return on investment for each division.
b.Which museum manager is doing best based only on ROI?
c.What other accounting performance measures are available when evaluating the managers?
Correct Answer:
Verified
a.Montreal = $25,500/$150,000 = 0.170
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