A companys shipping division (an investment center) has sales of $2,700,000, net income of $216,000, and average

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A company’s shipping division (an investment center) has sales of $2,700,000, net income of $216,000, and average invested assets of $2,000,000. Compute the division’s return on invested assets, profit margin, and investment turnover.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 04:07 AM

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A companys shipping division (an investment center) has sales of $2,700,000, net income of $216,000, and average

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Managerial Accounting

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