FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A company's two divisions report the information below. Electronics $ 95,000 Sporting Goods $ 55,000 Sales Income Average assets 7,980 38,000 Enter answers in the tabs below. Required 1 Required 2 Required 3 Calculate profit margin for each division. Division Electronics Sporting Goods Numerator: 6,050 27,500 Profit margin 18 1 " 1 Denominator: M Required 2 > Profit margin
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Transcribed Image Text:A company's two divisions report the information below. Electronics $ 95,000 Sporting Goods $ 55,000 Sales Income Average assets 7,980 38,000 Enter answers in the tabs below. Required 1 Required 2 Required 3 Calculate profit margin for each division. Division Electronics Sporting Goods Numerator: 6,050 27,500 Profit margin 18 1 " 1 Denominator: M Required 2 > Profit margin
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Step 1: Profit Margin
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Step 2: Computation of the profit margin for each division:
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