Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hello, can you please check my work. i am working in accounting mangerial. thank you . The profit margin is the ratio of a.sales to

hello, can you please check my work. i am working in accounting mangerial. thank you .

The profit margin is the ratio of

a.sales to invested assets

b.income from operations to sales

c.income from operations to invested assets

d.assets to liabilities

I say its d.( sales - expense.)

Which of the following is a measure of a manager's performance working in an investment center?

a.residual income

b.return on investment

c.divisional income statements

d.All of these choices are correct.

For this one it would be D. (things works)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comprehensive Assurance & Systems Tool

Authors: Laura IngrahamJ Jenkins

2nd Edition

0131377213, 9780131377219

More Books

Students also viewed these Accounting questions

Question

Why would a person fear success?

Answered: 1 week ago