Question
Profit Margin, Investment Turnover, and ROI Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula
Profit Margin, Investment Turnover, and ROI
Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula to compute the return on investment.
| a. Profit margin | % | |
| b. Investment turnover | ||
| c. Return on investment | % |
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
5th Canadian Edition
0135004934, 978-0135004937
