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Briggs Company has operating income of $49,728, invested assets of $259,000, and sales of $828,800. Use the DuPont formula to compute the return on investment.
Briggs Company has operating income of $49,728, invested assets of $259,000, and sales of $828,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank 1 % b. Investment turnover fill in the blank 2 c. Return on investment fill in the blank 3 %
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