Kragle Corporation reported the following financial data for one of its divisions for the year; average...

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Kragle Corporation reported the following financial data for one of its divisions for the year; average...

Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $500,000; sales of $960,000; and income of $110,400. The investment center profit margin is:

business accounting

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Answer 1

Answer #1

Profit margin for the corporation is equal to=Income/Sales

=110400/960,000

which is equal to

=11.5%

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Answer 2

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