The profit margin for Division P is 6.5% and the investment turnover is 2.2. What is the rate of return on investment for Division P? a. 14.3% b. 8.7% c. 4.3% d. 10.9%

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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subject : General accounting

The profit margin for Division P is 6.5% and the
investment turnover is 2.2. What is the rate of return
on investment for Division P?
a. 14.3%
b. 8.7%
c. 4.3%
d. 10.9%
Transcribed Image Text:The profit margin for Division P is 6.5% and the investment turnover is 2.2. What is the rate of return on investment for Division P? a. 14.3% b. 8.7% c. 4.3% d. 10.9%
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