Question
Kenneth Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue $3,371,000 Operating income 539,360
Kenneth Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue $3,371,000 Operating income 539,360 Average total assets 1,685,500 Production manager Veronica Brockman is investigating the purchase of a new brining station that will increase the plants production capacity. Based on her research, Veronica thinks the station would cost $763,300 and would increase sales revenue by $302,200 and operating profit by $66,718. Calculate Kenneths 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 ______
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