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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 following
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 Sporting goods $ 40,800,000 17,680,000 Income $ 3,060,000 2,210,000 Average Assets $ 17,000,000 13,000,000 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. Profit Margin Investment Turnover Compute profit margin for each center. Which center generates more net income per dollar of sales? Numerator: Investment Center Profit Margin Denominator: = Profit Margin
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