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Exercise 10-10 (Part Level Submission) Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales
Exercise 10-10 (Part Level Submission) Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue$3,306,500 Operating income Average total assets 3,890,000 429,845 Production manager Veronica Joyner is investigating the purchase of a new brining station that will increase the plant's production capacity. Based on her research Veronica thinks the station would cost 150,000 and would increase sales revenue by 200,000 and operating profit by $26,000. Calculate Joyner's current margin, asset turnover, and return on investment. (Round answers to 2 decimal places, e.g. 52.75.) Current Margin Asset Turnover Return on Investment times
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