MANAGERIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259688713
Author: Wild
Publisher: MCG
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Chapter 9, Problem 12QS
Computing profit margin and investment turnover A2
A company’s shipping division (an investment center) has sales of $2,420,000.net income of $516,000.and average invested assets of &2,250,000. Compute the division profit margin and investment turnover.
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A company's two divisions report the information below.
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$ 81,000
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40,500
Sporting Goods
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Enter answers in the tabs below.
Required 1
Required 2
Required 3
Calculate return on investment for each division.
Division
Electronics
Sporting Goods
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Numerator
Denominator:
=
Return on Investment
A company’s shipping division (an investment center) has sales of $2,420,000, net income of $516,000, and average invested assets of $2,250,000. Compute the division’s profit margin and investment turnover.
Profit Margin, Investment Turnover, and ROI
Briggs Company has income from operations of $132,756, invested assets of $299,000, and sales of $1,106,300. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.
a. Profit margin
%
b. Investment turnover
c. Return on investment
%
Chapter 9 Solutions
MANAGERIAL ACCOUNTING FUND. W/CONNECT
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