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10. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is: a. 22.3%. b. 197.9%. c. 447,6%. d. 11.3% 11. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center turnover is: a. 22.3. b. 50.5. c. 1.98 d. 447.6. 12. If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be: a. 24.3%. b. 41.1%. c. 32.9%. d. 30.3%.

10. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is: a. 22.3%. b. 197.9%. c. 447,6%. d. 11.3% 11. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center turnover is: a. 22.3. b. 50.5. c. 1.98 d. 447.6. 12. If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be: a. 24.3%. b. 41.1%. c. 32.9%. d. 30.3%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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10. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is: a. 22.3%. b. 197.9%. c. 447.6%. d. 11.3%. 11. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center turnover is: a. 22.3. b. 50.5. c. 1.98 d. 447.6. 12. If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be: a. 24.3%. b. 41.1% c. 32.9%. d. 30.3%.
Transcribed Image Text:10. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is: a. 22.3%. b. 197.9%. c. 447.6%. d. 11.3%. 11. Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center turnover is: a. 22.3. b. 50.5. c. 1.98 d. 447.6. 12. If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be: a. 24.3%. b. 41.1% c. 32.9%. d. 30.3%.
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