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Question 15 of 19 .../8 : View Policies Current Attempt in Progress Point Claire Company had the following results during the most recent year: sales
Question 15 of 19 .../8 : View Policies Current Attempt in Progress Point Claire Company had the following results during the most recent year: sales $522,000; residual income $5,220; investment turnover 2.00; and a required rate of return of 17%. (a) Your answer has been saved. See score details after the due date. Calculate the total assets. Total Assets $ 1044000 Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Calculate the operating (pretax) income. Operating Income $ 182760 Attempts: 1 of 1 used (c) Your answer has been saved. See score details after the due date. Calculate the return on investment. (Round answer to 2 decimal places, e.g. 15.25%) Return on Investment 17.51 % Attempts: 1 of 1 used (d) Calculate the profit margin. (Round answer to 2 decimal places, e.g. 15.25%) Profit margin 9%
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