1) If income from operations for a division is $12,000, invested assets are $50,000, and sales are $60,000, the profit margin is 24%
a. true
b. false
2) If income from operations for a division is $12,000, invested assets are $50,000, and sales are $60,000, the investment turnover is 5.
a. true
b. false
3) The manager of the furniture department of a leading retailer does not control the salaries of departmental personnel.
a. true
b. false
4) Stevensen Corportaion had $550,000 in invested assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return 15%. The rate of return on investment for Stevensen is:
a. 16%
b. 20%
c. 18%
d. 15%