Megamart provides the following information on its two investment centers. Income $ 3,168,000 2,312,000 Average Assets...
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Megamart provides the following information on its two investment centers. Income $ 3,168,000 2,312,000 Average Assets $ 17,600,000 13,600,000 Investment Center Electronics Sporting goods Sales $ 42,240,000 23,120,000 Compute profit margin and investment turnover for each center. Which center generates more income per dollar of sales? Which center has the better investment turnover? Megamart provides the following information on its two investment centers. Income $ 3,168,000 2,312,000 Average Assets $ 17,600,000 13,600,000 Investment Center Electronics Sporting goods Sales $ 42,240,000 23,120,000 Compute profit margin and investment turnover for each center. Which center generates more income per dollar of sales? Which center has the better investment turnover?
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Profit margin The profit margin is calculated by dividing income by sales Electronic... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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