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Exercise 1) At the beginning of the year, Honey Company had beginning operating assets of $198,000. During the year, Honey Co. had operating income of

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Exercise 1) At the beginning of the year, Honey Company had beginning operating assets of $198,000. During the year, Honey Co. had operating income of $25,500 and expenses of $124,500. At the end of the year, they had operating assets of $177,000. Required: Compute profit margin, turnover, and ROI for Honey Company

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