Northern Region for Omega Industries has a rate of return on investment of 32% and an investment turnover of 2.5. What is the profit margin?

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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Northern Region for Omega Industries has a rate of return on investment of
32% and an investment turnover of 2.5.
What is the profit margin?
Transcribed Image Text:Northern Region for Omega Industries has a rate of return on investment of 32% and an investment turnover of 2.5. What is the profit margin?
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