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Madrid has two divisions. Division A has a profit of $156,000 on sales of $2,010,000. Division B is able to make only $28,800 on sales
Madrid has two divisions. Division A has a profit of $156,000 on sales of $2,010,000. Division B is able to make only $28,800 on sales of $329,000.
a. Evaluate the profit margins (return on sales) for each division. Note: Input your answers as a percent rounded to 2 decimal places. (2 marks)
b. Based on the profit margins (returns on sales), which division is superior?(2 marks)
i. Division A
Or
ii. Division B
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