Question
QS 22-14 (Algo) Components of performance measures LO A1, A2 Fill in the blanks in the schedule below for two separate investment centers A
QS 22-14 (Algo) Components of performance measures LO A1, A2 Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center B Sales $? $ 12,000,000 Incone Average assets $ 546,000 $ 1,560,000 $ Profit margin 7% % Investment turnover ? 7% 2.0 14% Return on investment Use the information in the table above to compute each department's contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.) Profit Margin: Numerator: Investment Center Income A B $ Investment Turnover. Investment Center Sales A B Denominator: Profit Margin Sales -Profit margin 546,000/ 7.00 % % Numerator: Denominator: Investment Turnover Average assets Investment turnover 2.00 Return on investment: Numerator: Denominator: Return on investment
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