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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?

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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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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User Ngawang
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1 Answer

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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% ÷ 2.34 = 9.40
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User Yariv Bar
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