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A company's shipping division (an investment center) has sales of $2,550,000, net income of $816,000, and average invested assets of $2.125,000 Compute the Division's Profit
A company's shipping division (an investment center) has sales of $2,550,000, net income of $816,000, and average invested assets of $2.125,000 Compute the Division's Profit Margin. Choose Numerator: Choose Denominator: Profit Margin - Proft margin Compute the Division's Investment Turnover. Choose Numerator: Choose Denominator: Average invested assets Average invested assets Investment Turnover = Investment turnover Sales Net income Average invested assets Profit margin Investment turnover Return on investment $ 348, eee $1,450,eee 10% > ? $10,980, eee $ $ ? 2% 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.) Profit Margin: Choose Numerator: Choose Denominator: Investment Contor Profit Margin Profit margin 10.00% B Investment Turnover: Choose Numerator: 1 Choose Denominator: = Investment Turnover Investment Center = Investment turnover A B 1.40 Return on investment: Choose Numerator: 1 Choose Denominator: - Return on investment Investment Center - Return on investment % B 14.00 %
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