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Profit Margin, Investment Turnover, and ROI Briggs Company has operating income of $30,723, invested assets of $147,000, and sales of $279,300. Use the DuPont formula
Profit Margin, Investment Turnover, and ROI
Briggs Company has operating income of $30,723, invested assets of $147,000, and sales of $279,300. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.
a. Profit margin | fill in the blank 1 % | |
b. Investment turnover | fill in the blank 2 | |
c. Return on investment | fill in the blank 3 % |
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