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Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Profit margin Average assets
Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Profit margin Average assets Investment turnover Return on investment A B $ P $ 10,400,000 $ 240,000 $ 1,200,000 8% P ?% 2% 2 12% 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: Numerator: Denominator: Profit Margin Investment Center Income Sales Profit margin 8.00% A B 2.00% Investment Turnover: Numerator: 1 Denominator: =1 Investment Turnover Investment Center Sales Average assets Investment turnover A B $ 10,400,000 2.00 Return on investment: Investment Center Income A B $ Numerator: Denominator: Return on investment Sales Return on investment 240,000/ 12.00%
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