A companys shipping division (an investment center) has sales of $ 2,420,000, net income of $ 516,000,

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A company’s shipping division (an investment center) has sales of $ 2,420,000, net income of $ 516,000, and average invested assets of $ 2,250,000. Compute the division’s profit margin and investment turnover.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 29, 2013 05:55 AM

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A companys shipping division (an investment center) has sales of $ 2,420,000, net income of $ 516,000,

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Fundamental accounting principle

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