Fain Company has income from operations of $31,500, invested assets of $84,000, and sales of $262,500. Use

Question:

Fain Company has income from operations of $31,500, invested assets of $84,000, and sales of $262,500. Use the DuPont formula to compute the rate of return on investment and show
(a) The profit margin,
(b) The investment turnover, and
(c) The rate of return on investment.