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Profit Margin, Investment Turnover, and ROI Briggs Company has income from operations of $29,988, invested assets of $238,000, and sales of $499,800. Use the DuPont

Profit Margin, Investment Turnover, and ROI

Briggs Company has income from operations of $29,988, invested assets of $238,000, and sales of $499,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.

a. Profit margin
b. Investment turnover
c. Return on investment

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