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  3. A company’s shipping division (an investment center) has sales of

A company’s shipping division (an investment center) has sales of

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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

Fundamental accounting principle

21st edition (978-0078025587)

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

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