Ask Question
19 April, 01:08

Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is:a) 22.3%b) 50.5%c) 197.9%d) 447.6%e) 11.3%

+1
Answers (1)
  1. 19 April, 03:21
    0
    The correct option is E that is 11.30%

    Explanation:

    The formula to compute the profit margin is as:

    Profit margin = Operating Income / Sales

    where

    Operating income is $105,000

    Sales is $930,000

    Putting the values in the formula:

    Profit margin = $105,000 / $930,000

    Profit Margin = 11.29% or 11.30%

    Therefore, the investment centre profit margin will be 11.30%.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers