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Investment Center Sales Net income Average invested assets $1,580,000 $ Profit margin Investment turnover Return on investment $12,200,000 $ 584,600 $ 10% 1.3 13% Use
Investment Center Sales Net income Average invested assets $1,580,000 $ Profit margin Investment turnover Return on investment $12,200,000 $ 584,600 $ 10% 1.3 13% 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: IChoose Denominator: Profit Margin - Profit margin Investment Center 10.00% estment Turnover: Choose Numerator: Choose Denominator:Investment Turnover Investment Center Investment turnover 1.30
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