Answered: The Central Division for Chemical…

The Central Division for Chemical Company has a return on investment of 20% and an investment turnover of 2.26. The profit margin is a. 8.85% b. 13.27% C. 10.62% d. 7.08%

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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Question

The Central Division for Chemical Company has a return on investment of
20% and an investment turnover of 2.26. The profit margin is
a. 8.85%
b. 13.27%
C. 10.62%
d. 7.08%

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