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Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue Operating income Average total
Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue Operating income Average total assets $3,636,000 509,040 4,040,000 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 $160,000 and would increase sales revenue by $200,000 and operating profit by $28,000. 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 times Return on Investment eTextbook and Media Calculate Joyner's margin, asset turnover, and return on investment assuming the company purchases the new brining station. (Round answers to 2 decimal places, e.g. 52.75.) Current Margin Asset Turnover times Return on Investment eTextbook and Media Assume Veronica Brockman's annual bonus is based on the company's return on investment. Will Veronica support the purchase of the new brining station? e Textbook and Media
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