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plz help The condensed income stotement for the Consumer Products Division of Hydra Industries Inc. is as follows (assuming no support. department allocations): The manager
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The condensed income stotement for the Consumer Products Division of Hydra Industries Inc. is as follows (assuming no support. department allocations): The manager of the Consumer Products Division is considering ways to increase the return on Investment. a. Using the Dupont formula for return on investment, determine the profit margin, investmant tumover, and return on invastmant of the Consumer Products Division, assuming that $3,400,000 of assets have been invested in the Consumer Products Division. Round the Investment turnover to one decimal place. b. If expenses could be reduced by $102,000 without decreasing sales, what would be the impact on the profit marqin, investmant turnover, and return on investment for the Consumer Products Division? Round the investment turnover to one decimal place Step by Step Solution
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