Question
Cash Company has income from operations of $22,880, invested assets of $104,000, and sales of $228,800. Use the DuPont formula to compute the return on
Cash Company has income from operations of $22,880, invested assets of $104,000, and sales of $228,800. 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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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
5th Edition
0073208140, 978-0073208145
