Question
Megamart provides the following information on its two investment centers. Income $ 3,168,000 2,312,000 Average Assets $ 17,600,000 13,600,000 Investment Center Electronics Sporting goods
Megamart provides the following information on its two investment centers. Income $ 3,168,000 2,312,000 Average Assets $ 17,600,000 13,600,000 Investment Center Electronics Sporting goods Sales $ 42,240,000 23,120,000 Compute profit margin and investment turnover for each center. Which center generates more income per dollar of sales? Which center has the better investment turnover?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
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