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Guerlane Fragrance Corporation has a perfume division, Essense, and a cologne division, Karisma. The following information relates to last year's operations at Essense: Sales $360,000
Guerlane Fragrance Corporation has a perfume division, Essense, and a cologne division, Karisma. The following information relates to last year's operations at Essense:
Sales $360,000
Total assets $120,000
Return on investment (ROI) 20%
Residual income $6,000
Calculate Profit Margin.
Calculate the Minimum required rate of return.
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