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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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