Question $7$ of $7$

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Pharoah Company had the following results during the most recent year: sales $$429,600$; residual income $$5,370$; investment

turnover $2\mathrm{.}40$ ; and a required rate of return of $18\%.$

$($a$)$

Your answer is correct.

Calculate the total assets.

Total Assets

$

Attempts: $2$ of $3$ used Your answer is correct.

Calculate the operating $($pretax$)$ income.

Operating Income

$

eTextbook and Media

Attempts: $1$ of $3$ used

$($c$)$

Your answer is correct.

Calculate the return on investment. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%)$

Return on Investment

$\%$

eTextbook and Media

Attempts: $1$ of $3$ used

$($d$)$

Your answer is incorrect.

Calculate the profit margin. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%)$

Profit margin