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Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges): The manager of the Consumer Products Division is considering ways to increase the return on investment. $1,490,000 of assets have been invested in the Consumer Products Division. Round the investment turnover to one decimal place
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