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George was evaluated based on his business unit's total ROI, but he also had an incentive specifically tied to his profit margin to encourage him
George was evaluated based on his business unit's total ROI, but he also had an incentive specifically tied to his profit margin to encourage him to reduce expenses. Last year, his division had total ROI of 36%, with a profit margin of 12%. This year, his division earned $52,910 of operating income on $407,000 of sales. Average total assets in his division this year were $220,000. (a1) State the profit margin and investment turnover in George's business unit. (Round profit margin to 2 decimal places, eg. 0.25. Round asset turnover and ROI to 4 decimal places, eg. 15.2516.) (a2) Did he meet or exceed his last year's profit margin and ROI levels
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