Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?
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- Give true answerBustmante company has income from operations of $64,800 invested assets of $540,000 and sales of $810,000. 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.Bottlebrush Company has operating income of $106,032, invested assets of $188,000, and sales of $883,600. 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.
- Bottlebrush Company has operating income of $150,720, invested assets of $314,000, and sales of $1,004,800. 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.Felton Co. produces rubber bands for commercial and home use. Felton reported $1 million residualincome (RI) with $20 million net book value (NBV) of assets and $5 million in operating income forthe year. What was the required rate of return?Please give me answer accounting
- Need help with this questionBottlebrush Company has operating income of $49,749, invested assets of $309,000, and sales of $710,700. 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 %14. Briggs Company has operating income of $33,516, invested assets of $133,000, and sales of $478,800. 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 ____ %