Cash Company has income from operations of $43,578, invested assets of $269,000, and sales of $726,300. 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 %
Cash Company has income from operations of $43,578, invested assets of $269,000, and sales of $726,300. 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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Profit Margin, Investment Turnover, and ROI
Cash Company has income from operations of $43,578, invested assets of $269,000, and sales of $726,300. Use the DuPont formula to compute the
| a. Profit margin | % | |
| b. Investment turnover | ||
| c. Return on investment | % |
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