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Mark Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue $3,368,000 437,840 Operating
Mark Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue $3,368,000 437,840 Operating income Average total assets 1,684,000 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 $762,800 and would increase sales revenue by $302,200 and operating profit by $57,637. (a) Calculate Mark'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 eTextbook and Media Save for Later % times % Attempts: 0 of 3 used Submit Answer
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