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The Central Division for Chemical Company has a return on investment of 23% and an investment turnover of 1.93. The profit margin (round to two decimal places) is O a. 9.53% b. 14.30 % Oc. 17.88% O d. 11.92 %

The Central Division for Chemical Company has a return on investment of 23% and an investment turnover of 1.93. The profit margin (round to two decimal places) is O a. 9.53% b. 14.30 % Oc. 17.88% O d. 11.92 %

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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The Central Division for Chemical Company has a return on investment of 23% and an investment turnover of 1.93. The profit margin (round to two decimal places) is O a. 9.53% b. 14.30% O c. 17.88% Od 11.92 %
Transcribed Image Text:The Central Division for Chemical Company has a return on investment of 23% and an investment turnover of 1.93. The profit margin (round to two decimal places) is O a. 9.53% b. 14.30% O c. 17.88% Od 11.92 %
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