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! Required Information Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below.] Megamart provides the
! Required Information Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below.] Megamart provides the following Information on its two Investment centers. Sales Investment Center Electronics Income Sporting goods $ 40,500,000 20,740,000 $ 2,916,000 2,074,000 Average Assets $ 16,200,000 12,200,000 Exercise 24-11 (Algo) Computing profit margin and investment turnover LO A2 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? 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 net income per dollar of sales? Profit Margin Numerator: Denominator: Investment Center Income Average invested assets = Profit Margin Electronics I = 0 Sporting Goods I = 0 Which center generates more income per dollar of sales?
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