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
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[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 | $ 41,520,000 | $ 3,114,000 | $ 17,300,000 |
Sporting goods | 18,088,000 | 2,261,000 | 13,300,000 |
Compute profit margin and investment turnover for each center. Which center generates more income per dollar of sales? Which department is most efficient at generating sales from average invested assets?
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?
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Compute investment turnover for each center. Which department is most efficient at generating sales from average invested assets?
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