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Investment Center $11,700,000 Sales Net income Average invested assets Profit margin Investment turnover Return on investment 489,600 $1,530,000 $ 8% 79 79 12% Use the
Investment Center $11,700,000 Sales Net income Average invested assets Profit margin Investment turnover Return on investment 489,600 $1,530,000 $ 8% 79 79 12% Use the information in the following table 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: Choose Numerator: Choose Denominator: Profit Margin Investment Center Net income Sales Profit margin 489,600 8.00% 11,700,000 Investment Turnover: Choose Numerator: Choose Denominator: Investment Turnover Investment Center Sales Average invested assets Investment turnover 1,530,000 11,700,000 / 1.50 Return on investment: Choose Numerator: | | Choose Denominator: Return on investment Investment Center Net income Average invested assets Return on investment 489,600 I$ 1,530,000 1 2 .00%
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