Eastern Division for Alpha Corporation has a rate of return on investment of 24% and an investment turnover of 1.6. What is the profit margin?
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- What is the profit margin on these financial accounting question?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 ?Central Division for Chemical Company has a rate of return on investment of 23% and an investment turnover of 2.31. What is the profit margin? Round the percentage to two decimal places.