Swift Enterprises has income from operations of $130,000, invested assets of $800,000, and sales of $2,000,000. Use the DuPont formula to compute the rate of return on investment (ROI). Round to one decimal.

Swift Enterprises has income from operations of $130,000, invested assets of $800,000, and sales of $2,000,000. Use the DuPont formula to compute the rate of return on investment (ROI). Round to one decimal.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Can you provide a detailed solution to this financial accounting problem using proper principles?

Swift Enterprises has income from operations of
$130,000, invested assets of $800,000, and sales of
$2,000,000.
Use the DuPont formula to compute the rate of return
on investment (ROI). Round to one decimal.

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