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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 $ 32,600,000 15,744,000 Income $2,771,000 1,968,000 Average Assets 5 16,300,000 12,300,000 Exercise 9-11 (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 department is most efficient at generating sales from average invested assets? Answer is not complete. Complete this question by entering your answers in the tabs below. Investment Profit Margin Turnover Compute investment turnover for each center. Which department is most efficient at generating sales from average inv assets? Investment Turnover Numerator: Denominator: Investment Center Net income Investment Average assets = Turnover Electronics $ 2,771,000/ $ 16.300.000 0.17 Sporting Goods $ 1,968,000 $ 1,230,000 = 1.60 Which department is most efficient at generating sales from average invested assets? Electronics
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