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Required information [The following information applies to the questions displayed below.] Megamart provides the following information on its two investment centers. Investment Center Electronics
Required information [The following information applies to the questions displayed below.] Megamart provides the following information on its two investment centers. Investment Center Electronics Sales Sporting goods $ 41,000,000 18,600,000 Income $ 2,624,000 1,860,000 Average Assets $ 16,400,000 12,400,000 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. Investment Profit Margin Turnover Compute profit margin for each center. Which center generates more income per dollar of sales? Investment Center Numerator: Income Electronics Sporting Goods Profit Margin Denominator: Average invested assets = Profit Margin Which center generates more income per dollar of sales? = < Profit Margin Investment Turnover >
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