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Required Information [The following information applies to the questions displayed below.] Megamart, a retailer of consumer goods, provides the following information on two of its

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Required Information [The following information applies to the questions displayed below.] Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Investment Center Electronics Sporting goods Sales Income $35, eee, eee $2,975, eee 17,280,000 2,160, eee Average Invested Assets $17,500,000 13,500,000 Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar of sales? Which department is most efficient at generating sales from average invested assets? Complete this question by entering your answers in the tabs below. Profit Margin Investment Turnover Compute profit margin for each department. Which department generates the most net income per dollar of sales? Profit Margin Choose Numerator: 1 Choose Denominator: Investment Center Electronics 1 Sporting Goods Which department generates the most net income per dollar of sales? Profit Margin Profit Margin Profit Margin Investment Turnover > Required Information [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,685 2,685 2,693 361 Cheese Division $4,480 4,412 3,937 646 Assume that each of the company's divisions has a required rate of return of 8%. Compute residual income for each division (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual income

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