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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

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 Sales Income Average Invested Assets
Electronics $ 39,840,000 $ 2,988,000 $ 16,600,000
Sporting goods 25,200,000 2,142,000 12,600,000

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?image text in transcribed

Complete this question by entering your answers in the tabs below. Investment Profit Margn Turnover Compute profit margin for each department. Which department generates the most net income per dollar of sales? Profit Margin Choose Numerator: Choose Denominator: | = | Profit Margin - Profit Margirn = | Profit Margin Investment Center Electronics Sporting Goods Which department generates the most net income per dollar of sales?

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