Question
Sandhill Industries has sales of $621,010 and net operating income of $51,000. Marshalls average operating assets total $221,000. Use the Dupont model to calculate the
Sandhill Industries has sales of $621,010 and net operating income of $51,000. Marshalls average operating assets total $221,000. Use the Dupont model to calculate the companys return on investment. (Round answer to 2 decimal places, e.g. 52.75.)
| Return on investment | enter return on investment in percentage rounded to 2 decimal places |
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
