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Spring 20 Company has two divisions: Consumer Products and Business Products. Based on the following information, calculate: 1. the Profit Margin for the Consumer Products
Spring 20 Company has two divisions: Consumer Products and Business Products. Based on the following information, calculate:
1. the Profit Margin for the Consumer Products Division
2. the Profit Margin for the Business Products Division
You must show your work to get credit. Round to two decimal points.
| Consumer Division | Business Division |
Sales revenue | $140,000 | $1,240,000 |
Operating income | $20,000 | $300,000 |
Average assets | $300,000 | $5,540,000 |
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