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Spotlight Sports Company makes snowboards, downhill skis, cross$-$country skis, skateboards, surfboards inline skates. The company has found it beneficial to split operations into two divisions based on the clima required for the sport: Snow Sports and Non$-$snow Sports. The following divisional information is available the past year:

View the data.

Spotlight Sports Company's management has specified a $12\%$ target rate of return. Calculate each divisic profit margin ratio. Interpret your results.

Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate each division's profit margin ratio.

Data

$\backslash$table$[[,,\backslash$table$[[$Net Sales$],[$Revenue$]],\backslash$table$[[$Operating$],[$Income$]],\backslash$table$[[$Average Total$],[$Assets$]],$ROI$],[$Snow Sports,$$,5,400,000$$$,1,080,000,4,700,000,23\%$