Question
(LO 9) Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $600,000; sales of $1,060,000;
(LO 9) Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $600,000; sales of $1,060,000; and income of $132,500. The investment center profit margin is:
Multiple Choice
- 22.1%.
- 56.6%.
- 176.7%.
- 452.8%.
- 12.5%.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
