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Packer Company has compiled the following data: 3: (Click the icon to view the data.) Calculate the following amounts for Packer: 17. Profit margin ratio
Packer Company has compiled the following data: 3: (Click the icon to view the data.) Calculate the following amounts for Packer: 17. Profit margin ratio 18. Asset turnover ratio 19. Return on investment 20. Residual income 17. Calculate the profit margin ratio. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. Profit margin ratio % 18. Calculate the asset turnover ratio. Begin by selecting the formula to calculate the asset turnover, and then enter the amounts to calculate the company's asset turnover. (Round your answer to one decimal place, X.X.) = Asset turnover ratio 19. Calculate the return on investment. Begin by selecting the formula to calculate return on investment, and then enter the amounts to calculate the company's return on investment. (Enter your answer as a percent rounded to one decimal place, X.X%) Return on investment X % Data table 20. Calculate the residual income First, select the formula to calculate residual income. $ Residual income Net sales Operating income Average total assets Management's target rate of return 1,400,000 210,000 300,000 The residual income for the Packer Company is 13%
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