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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
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 Sales Income Average assets Profit margin Investment turnover Return on investment A $ ? $ 314,600 $ 1,430,000 10% ? ?% B $ 10,700,000 $ ? $ ? P% 1.2 12% 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.) X Answer is complete but not entirely correct. Profit Margin: Numerator: 7 Denominator: Profit Margin Investment Center Income 7 Sales Profit margin % 10.00 A $ $ 3,146,000 314,600 1,070,000 B $ 10.00 $ 107,000 X Investment Turnover: Numerator: Denominator: = Investment Turnover Investment Center Sales 7. Average assets Investment turnover A $ 3.146,000 7 $ 1,430,000 2.20 2 1,070,000 X/ $ 891,667 1.20 Return on investment: Numerator: 1 Denominator: IL Investment Center Income I Return on investment Return on investment 22.00 Average assets 3 A $ 10 X / $ 2 X % ILL B. 10 X 1 $ 12.00 %
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