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Briggs Company has operating income of $21,420, invested assets of $170,000, and sales of $306,000. Use the DuPont formula to compute the return on investment.
Briggs Company has operating income of $21,420, invested assets of $170,000, and sales of $306,000. 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 %
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