Investment Center Sales Net income Average invested assets $1,580,000 $ Profit m

Question

Investment Center Sales Net income Average invested assets $1,580,000 $ Profit margin Investment turnover Return on investment $12,200,000 $ 584,600 $ 10% 1.3 13% Use the information in the following table to compute each department's contribution to overhead (both in dollars and as a percent). Round your final answers to 2 decimal places.) Profit Margin: Choose Numerator: IChoose Denominator: Profit Margin - Profit margin Investment Center 10.00% estment Turnover: Choose Numerator: Choose Denominator:Investment Turnover Investment Center Investment turnover 1.30

Explanation / Answer

Profit Margin :

Investment turnover :

Return on Investment :

Choose Numerator / Choose Denominator = Profit Margin Investment Center Net Income / Sales = Profit Margin A 584,600 / 5,846,000 (584,600/0.1) = 10% B 1,220,000 / 12,200,000 = 10%(1,220,000/12,200,000)

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