FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
Electronics
Sales
Sporting goods
$ 41,520,000
18,088,000
Income
$ 3,114,000
2,261,000
Average Assets
$ 17,300,000
13,300,000
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?
Complete this question by entering your answers in the tabs below.
Investment
Profit Margin Turnover
Compute profit margin for each center. Which center generates more net income per dollar of sales?
Numerator:
Investment Center
Electronics
Sporting Goods
Profit Margin
Denominator:
Which center generates more income per dollar of sales?
=
Profit Margin
=
=
Profit Margin
Investment Turnover >
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Transcribed Image Text:Required Information [The following Information applies to the questions displayed below.] Megamart provides the following Information on its two Investment centers. Investment Center Electronics Sales Sporting goods $ 41,520,000 18,088,000 Income $ 3,114,000 2,261,000 Average Assets $ 17,300,000 13,300,000 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? Complete this question by entering your answers in the tabs below. Investment Profit Margin Turnover Compute profit margin for each center. Which center generates more net income per dollar of sales? Numerator: Investment Center Electronics Sporting Goods Profit Margin Denominator: Which center generates more income per dollar of sales? = Profit Margin = = Profit Margin Investment Turnover >
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