Acompany’s shipping division (an investment center) has sales of $2,560,000, net income of $844,800, and average invested assets of $2,048,000. compute the division’s profit margin and investment turnover.

Profit Margin = 33%

Investment Turnover = 1.25 times

Explanation:

Shipping division's profit margin =

Here, we have Net income = $844,800

Sales = $2,560,000

Therefore profit margin =

Profit margin = 33%

Investment turnover =

Net Sales = $2,560,000

Average invested assets = $2,048,000

Investment turnover =

Therefore,

Profit Margin = 33%

Investment Turnover = 1.25 times

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