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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Megamart, a retailer of consumer goods,
Required information Use the following information for the Exercises below. [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 $40,250,000 $3,059,000 21,780,000 2,178,000 Average Invested Assets $16,100,000 12,100,000 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Profit Margin Investment Turnover Camnuto investment turnover for each denartment which donartment is most officient at noneratinn cales from avorana Required information Answer is not complete. Complete this question by entering your answers in the tabs below. Profit Margin Investment Turnover Compute investment turnover for each department. Which department is most efficient at generating sales from average invested assets? Investment Turnover Choose Numerator: Choose Denominator: Investment Center Electronics $ 3,059,000 X/ $ 40,250,000 X = Sporting $ 2,178,000 X $ Goods 21,780,000 X Which department is most efficient at generating sales from average invested assets? Investment Turnover Investment Turnover 0.08 0.10 Electronics
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