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The Central Division of Chemical Company has a return on investment of 28% and an investment turnover of 1.90. What is the profit margin? Round
The Central Division of Chemical Company has a return on investment of 28% and an investment turnover of 1.90. What is the profit margin? Round the percentage to two decimal places. Oa. 11.79% Ob. 22.11% Oc. 17.68% Od. 14.74% Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Corporate Total Cost of goods sold Direct operating expenses Sales Interest expense General overhead Rails Division $46,200 26,900 92,200 Locomotive Division $31,000 22,400 68,200 $2,600 18,000 4,500 Income tax The gross profit for the Rails Division is Oa. $92,200 Ob. $46,000 Oc. $19,100 Od. $65,300 Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,070,000 in invested assets, sales of $1,262,000, income from operations amounting to $210,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 16.6% Ob. 12.0% Oc. 84.8% Od. 19.6% Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,157,000 in invested assets, sales of $1,293,000, income from operations amounting to $215,000, and a desired minimum return of 12%. Round your answer to two decimal places. The investment turnover for Mason Corporation is Oa. 0.89 b. 1.34 Oc. 1.12 Od. 1.68
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