Global Enterprises' Marketing Division has the following financial metrics: ⚫ Profit Margin: 8% ⚫ Investment Turnover: 1.5 Required Calculate the Rate of Return on Investment for the Marketing Division and select the correct answer: a. 9.5% b. 12.0% c. 11.5% d. 10.5%

Global Enterprises' Marketing Division has the following financial metrics: ⚫ Profit Margin: 8% ⚫ Investment Turnover: 1.5 Required Calculate the Rate of Return on Investment for the Marketing Division and select the correct answer: a. 9.5% b. 12.0% c. 11.5% d. 10.5%

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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I want to this question answer financial accounting

Global Enterprises' Marketing Division has the following financial metrics:
⚫
Profit Margin: 8%
⚫
Investment Turnover: 1.5
Required
Calculate the Rate of Return on Investment for the Marketing Division and select the correct
answer:
a. 9.5%
b. 12.0%
c. 11.5%
d. 10.5%

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Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested assets of 180,000, and sales of 720,000. Use the DuPont formula to compute the return on investment and show (A) the profit margin, (B) the investment turnover, and (C) the return on investment.
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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 %