Question: Fill in the blanks in the schedule below for two separate investment centers A and B 6 5 12,400,000 Investment Center Sales Income Average assets

Fill in the blanks in the schedule below for two separate investment centers A and B 6 5 12,400,000 Investment Center Sales Income Average assets profit margin Investment turnover Return on investment 5.7 $ 624,000 $ 1.600.000 100 7 12 points 6 71 1.5 150 3 0254 Use the information in the table above to compute each department's contribution to overhead (both in dollars and as a percent) (Round your final answers to 2 decimal places.) Profit Margin: Numerator: Denominator: Investment Center Profit Margin Profit margin 10.00 % % B Investment Turnover: Numerator: 1 Denominator: Investment Turnover 1 = Investment turnover Investment Center B 1.50 Return on investment: Numerator: st Denominator: = Return on investment Investment Center = Return on investment A B % 15.00 %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
