CH $10$ Homework $($Application$)$

Profit Margin, Investment Turnover, and

The condensed income statement for the Consumer Products Division of Hydra Industries Inc. is as follows $($assuming no support department allocations$)$:

Sales

$$1,188,000$

Cost of goods sold

Gross profit

$\frac{(534,600)}{\text{\$}653,400}$

Administrative expenses

$\backslash$table$[[(237,600)$