Patriot Tools, a company that manufactures industrial tools, incurs higher costs because of its refusal to outsource its manufac
1 answer:
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Answer:
profit margin Americas = 34.53 %
profit margin Europe = 26.75 %
profit margin China = 42.37 %
Explanation:
given data
Americas Operating income = $23,117
Europe Operating income = $13,025
China Operating income = $13,841
Americas Sales = 66,939
Europe Sales = 48,683
China Sales = 32,667
to find out
profit margin for each division
solution
we get here profit margin that is express as
profit margin = × 100 ................1
put here value we get
profit margin Americas = × 100
profit margin Americas = 34.53 %
and
profit margin Europe = × 100
profit margin Europe = 26.75 %
and
profit margin China = × 100
profit margin China = 42.37 %