Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Average assets Profit margin Investment turnover Return on investment Profit Margin: Investment Center A B Investment Turnover: Investment Center A B Return on investment: 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.) Investment Center A B Numerator: Numerator: $? $ 399,600 $ 1,480,000 Numerator: 1 1 1 10% ? 1 ?% B $ 11,200,000 Denominator: Denominator: $? $? Denominator: ?% 1.4 14% Profit Margin Profit margin 10.00 % % Investment Turnover = Investment turnover 1.40 Return on investment Return on investment % 14.00 %
Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Average assets Profit margin Investment turnover Return on investment Profit Margin: Investment Center A B Investment Turnover: Investment Center A B Return on investment: 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.) Investment Center A B Numerator: Numerator: $? $ 399,600 $ 1,480,000 Numerator: 1 1 1 10% ? 1 ?% B $ 11,200,000 Denominator: Denominator: $? $? Denominator: ?% 1.4 14% Profit Margin Profit margin 10.00 % % Investment Turnover = Investment turnover 1.40 Return on investment Return on investment % 14.00 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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