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James Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue Operating income $3,355,000

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James Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue Operating income $3,355,000 402,600 Average total assets 1,677,500 Production manager Veronica Brockman 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 $760,500 and would increase sales revenue by $302,000 and operating profit by $54,525. Production manager Veronica Brockman 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 $760,500 and would increase sales revenue by $302,000 and operating profit by $54,525. (a) * Your answer is incorrect. Calculate James's current margin, asset turnover, and return on investment. (Round answers to 2 decimal places, e.g. 52.75.) Current Margin Asset Turnover 12.5 % 1.39 times Return on Investment 17.37 %

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