Question
Bottlebrush Company has operating income of $213,408, invested assets of $247,000, and sales of $1,185,600. Use the DuPont formula to compute the return on investment,
Bottlebrush Company has operating income of $213,408, invested assets of $247,000, and sales of $1,185,600.
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. Round answers to one decimal place.
| a. Profit margin | % | |
| b. Investment turnover | ||
| c. Return on investment | % |
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
