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McGraw Hill Connect-AX Assignment Results xtG Just Don\'t Understand \' C D ezta

ID: 2582431 • Letter: M

Question

McGraw Hill Connect-AX Assignment Results xtG Just Don't Understand ' C D ezta.mheducation.com/hrn..tpx?todo:postSubmissionView Score: 5.73/10 Ports 5730% Question 7 (of 14) 7 Award O out of 0.50 points A company's shipping division (an investment center) has sales of $2.520000, net income of $730,800, and average invested assets of $2,100.000. Compute the division's profit margin and investment turnover. ute the Division's Profit Margin. Choose Choose Denominator Profit Margin Prost margin the Division's Investment Tunover. Choose Investment Turnover Choose Denominator: Investment turnover : eBook & Resources

Explanation / Answer

1. Profit Margin

Investment Turnover :

Numerator / Denominator = Profit Margin Net Income / Sales = Profit Margin 730,800 / 2,520,000 = 0.29