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The Central Division of Chemical Company has a return on investment of of 22% and an investment turnover of 2.34. What is the profit margin?
Zoltan Hernyak
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Jul 10, 2023
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The Central Division of Chemical Company has a return on investment of of 22% and an investment turnover of 2.34. What is the profit margin?
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Zoltan Hernyak
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Zoltan Hernyak
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The profit margin would be 9.40
Explanation: profit margin is the rate of return divided by the investment turnover so 22% รท 2.34 = 9.40
Aziz Sonawalla
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Jul 15, 2023
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Aziz Sonawalla
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