Question: Required information Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Megamart provides
Required information
Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.] Megamart provides the following information on its two investment centers.
| Investment Center | Sales | Income | Average Assets |
|---|---|---|---|
| Electronics | $ 41,000,000 | $ 2,624,000 | $ 16,400,000 |
| Sporting goods | 18,600,000 | 1,860,000 | 12,400,000 |
Exercise 22-11 (Algo) Computing profit margin and investment turnover LO A2
Compute profit margin and investment turnover for each center. Which center generates more income per dollar of sales? Which department is most efficient at generating sales from average invested assets?
Profit Margin
Investment Turnover
Compute profit margin for each center. Which center generates more income per dollar of sales?
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Compute investment turnover for each center. Which department is most efficient at generating sales from average invested assets?
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Profit Margin
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