A company has an ROI (Return on Investment) of 15.8%. Average total assets are $2,500,000, and the asset turnover ratio is 1.6. Calculate the company's net income.
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- Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment %You have the following data for a company. What is the return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $150,000; Total asset turnover = 1.8; Profit margin = 10.5%; Tax rate = 30%.Bottlebrush Company has operating income of $58,328, invested assets of $317,000, and sales of $729,100. Use the DuPont formula to compute the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round answers to one decimal place. a. Profit margin b. Investment turnover c. Return on investment % %
- Need answerProfit Margin, Investment Turnover, and ROI Cash Company has income from operations of $55,704, invested assets of $211,000, and sales of $506,400. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin b. Investment turnover c. Return on investmentWhat is the profit margin?
- Profit Margin, Investment Turnover, and ROI Briggs Company has operating income of $13,824, invested assets of $96,000, and sales of $230,400. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin ? b. Investment turnover ? c. Return on investment ?Please give me answer accountingWhat is the profit margin?