Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Investment Center Electronics Sporting goods Sales Income $34,800,000 $3,306,000 20,100,000 2,412,000 Average Invested Assets $17,400,000 13,400,000 Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar o sales? Which department is most efficient at generating sales from average invested assets?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar o
sales? Which department is most efficient at generating sales from average invested assets?
Complete this question by entering your answers in the tabs below.
Investment
Turnover
Compute profit margin for each department. Which department generates the most net income per dollar of sales?
Profit Margin
Profit Margin
Choose Numerator:
Profit Margin
Investment Center
Electronics
Sporting Goods
1
Which department generates the most net income per dollar of sales?
/ Choose Denominator:
1
1
Investment
Turnover
<Profit Margin
Choose Numerator:
=
=
=
Investment Turnover >
Compute investment turnover for each department. Which department is most efficient at generating sa
invested assets?
Profit Margin
Profit Margin
Investment Turnover
< Profit Margin
Choose Denominator:
Investment Center
Electronics
Sporting Goods
Which department is most efficient at generating sales from average invested
assets?
S
E Investment Turnover
= Investment Tumover
=
=
Transcribed Image Text:Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar o sales? Which department is most efficient at generating sales from average invested assets? Complete this question by entering your answers in the tabs below. Investment Turnover Compute profit margin for each department. Which department generates the most net income per dollar of sales? Profit Margin Profit Margin Choose Numerator: Profit Margin Investment Center Electronics Sporting Goods 1 Which department generates the most net income per dollar of sales? / Choose Denominator: 1 1 Investment Turnover <Profit Margin Choose Numerator: = = = Investment Turnover > Compute investment turnover for each department. Which department is most efficient at generating sa invested assets? Profit Margin Profit Margin Investment Turnover < Profit Margin Choose Denominator: Investment Center Electronics Sporting Goods Which department is most efficient at generating sales from average invested assets? S E Investment Turnover = Investment Tumover = =
Required information
[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
Electronics
Sporting goods
Sales
Income
$34,800,000 $3,306,000
20,100,000 2,412,000
Profit Margin
Average
Invested Assets
Investment
Turnover
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?
Complete this question by entering your answers in the tabs below.
$17,400,000
13,400,000
S
A
Transcribed Image Text:Required information [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 Electronics Sporting goods Sales Income $34,800,000 $3,306,000 20,100,000 2,412,000 Profit Margin Average Invested Assets Investment Turnover 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? Complete this question by entering your answers in the tabs below. $17,400,000 13,400,000 S A
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