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Investment Center A B Sales $ ? $ 11,200,000 Net income $ 399,600 $ ? Average invested assets $ 1,480,000 $ ? Profit margin 10
| Investment Center | A | B | |||||
| Sales | $ | ? | $ | 11,200,000 | |||
| Net income | $ | 399,600 | $ | ? | |||
| Average invested assets | $ | 1,480,000 | $ | ? | |||
| Profit margin | 10 | % | ? | % | |||
| Investment turnover | ? | 1.4 | |||||
| Return on investment | ? | % | 14 | % | |||
Use the information in the table above to compute each departments contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.)
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Sound Investing, Chapter 25 - Change In Auditors
Authors: Kate Mooney
3rd Edition
0071719474, 9780071719476
