A companys shipping division (an investment center) has sales of $4,700,000, net income of $916,000, and average

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A company’s shipping division (an investment center) has sales of $4,700,000, net income of $916,000, and average invested assets of $3,000,000. Compute the division’s profit margin and investment turnover.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 26, 2012 08:44 AM

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A companys shipping division (an investment center) has sales of $4,700,000, net income of $916,000, and average

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Profit margin 916000 4700...View the full answer

Fundamental Accounting Principles

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