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Profit Margin, Investment Tumover, and ROI Briggs Company has operating Income of $16,284, invested assets of $118,000, and sales of $271,400. Use the DuPont formula
Profit Margin, Investment Tumover, and ROI Briggs Company has operating Income of $16,284, invested assets of $118,000, and sales of $271,400. Use the DuPont formula to compute the return on investment. Ir required, round your answers to two decimal places a. Profit margin b. Investment turnover c. Return on investment
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