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Megamart provides the following information on its two investment centers. Investment Center Electronics Average Assets $ 16,000,000 12,000,000 Sporting goods Sales $ 40,000,000 20,000,000 Exercise
Megamart provides the following information on its two investment centers. Investment Center Electronics Average Assets $ 16,000,000 12,000,000 Sporting goods Sales $ 40,000,000 20,000,000 Exercise 22-11 (Static) Computing profit margin and investment turnover LO A2 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? Complete this question by entering your answers in the tabs below. Profit Margin Investment Turnover Compute profit margin for each center. Which center generates more income per dollar of sales? Numerator: Income Income $ 2,880,000 2,040,000 Profit Margin Investment Center Electronics Sporting Goods Which center generates more income per dollar of sales? / Denominator: /Sales 1 1 = = Profit Margin Sporting goods 0 0
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