A company's two divisions report the information below. Electronics Sporting Goods $ 95,000 $ 55,000 7,980 6,050 38,000 27,500 Sales Income Average assets Enter answers in the tabs below. Required 1 Required 2 Required 3 Calculate profit margin for each division, Division Electronics Sporting Goods Numerator Profit margin 1 1 Denominator: W Profit margin
A company's two divisions report the information below. Electronics Sporting Goods $ 95,000 $ 55,000 7,980 6,050 38,000 27,500 Sales Income Average assets Enter answers in the tabs below. Required 1 Required 2 Required 3 Calculate profit margin for each division, Division Electronics Sporting Goods Numerator Profit margin 1 1 Denominator: W Profit margin
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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