Question
Required information Skip to question [The following information applies to the questions displayed below.] Megamart provides the following information on its two investment centers. Investment
Required information
Skip to question
[The following information applies to the questions displayed below.]
Megamart provides the following information on its two investment centers.
| Investment Center | Sales | Income | Average Assets |
|---|---|---|---|
| Electronics | $ 44,500,000 | $ 3,560,000 | $ 17,800,000 |
| Sporting goods | 26,220,000 | 2,622,000 | 13,800,000 |
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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My Adventures As An Auditor
Authors: Michael Quoter
1st Edition
1079508821, 978-1079508826
