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Required information [The following information applies to the questions displayed below.] Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investment center). Average Investment Center Electronics Sales Income $41,000,000 $2,624,000 Invested Assets $16,400,000 12,400,000 Sporting goods 18,600,000 1,860,000 Compute profit margin and investment turnover for each department. Which department generates the most net income per dollar of sales? Which department is most efficient at generating sales from average invested assets? Complete this question by entering your answers in the tabs below. Profit Margin Investment Turnover Compute profit margin for each department. Which department generates the most net income per dollar of sales? Profit Margin Choose Numerator: = Profit Margin 1 Choose Denominator: 1 Investment Center = Profit Margin Electronics 1 = = Sporting Goods Which department generates the most net income per dollar of sales? Profit Margin Investment Turnover >
Investment Profit Margin Turnover Compute investment turnover for each department. Which department is most efficient at generating sales from average invested assets? Investment Turnover Choose Numerator: 1 Choose Denominator: Investment Turnover Investment 1 = Investment Turnover Center Electronics 1 = Sporting Goods 1 = Which department is most efficient at generating sales from average invested assets? Profit Margin Investment Turnover