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Question 2 Not complete ROI; RI Marked out of 25.00 Pag question The following information for the year is available for Leffingwell Industries: average
Question 2 Not complete ROI; RI Marked out of 25.00 Pag question The following information for the year is available for Leffingwell Industries: average assets invested, $8,200,000; sales, $31,400,000; and expenses, $27,600,000. a. Calculate return on investment. Note: Round percentage to one decimal point (ie, round 4.555% to 4.6%). 0 b. Calculate profit margin. Note: Round percentage to one decimal point (i.e. round 4.555% to 4.6%) O Calculate asset turnover. Note: Round amount to one decimal point (ie. round 4.555 to 4.6). 0 d. Using (b) and (c), prove your answer to (a). Note: Use rounded amounts from earlier calculations except for ROI which is rounded to the nearest whole percentage. Asset turnover x Profit margin -ROI 0x 1%- 0% residual income
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