Question
Cash Company has income from operations of $48,160, invested assets of $172,000, and sales of $602,000. Use the DuPont formula to compute the return on
Cash Company has income from operations of $48,160, invested assets of $172,000, and sales of $602,000. 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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Auditing A Risk Based-Approach
Authors: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
11th Edition
1337619455, 1337619450, 9781337670203 , 978-1337619455
