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The Bottlebrush Division has income from operations of $157,080, invested assets of $264,000, and sales of $924,000. Use the DuPont formula to compute the return
The Bottlebrush Division has income from operations of $157,080, invested assets of $264,000, and sales of $924,000. 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 answers to one decimal place.
a. Profit Margin | fill in the blank 1 | % |
b. Investment Turnover | fill in the blank 2 | |
c. Return on Investment | fill in the blank 3 | % |
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