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Snodgrass Company has income from operations of $232,800, invested assets of $970,000, and sales of $3,880,000. Use the DuPont formula to compute the return on

Snodgrass Company has income from operations of $232,800, invested assets of $970,000, and sales of $3,880,000. Use the DuPont formula to compute the return on investment and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. Round your answers to one decimal place.

a. Profit margin
b. Investment turnover
c. Return on investment

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