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Use the information provided in the annual report of Matlock Industries to answer the following questions. Choose the correct answer from the options provided. Round

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Use the information provided in the annual report of Matlock Industries to answer the following questions. Choose the correct answer from the options provided. Round your intermediate figures to two decimal places. Sales revenue Less: Operating expenses Net operating income Average invested assets $ 560,000 364,000 $ 196,000 $ 450,000 Knowledge Check 01 What is Matlock's investment turnover? ses O 1.44 O 1.87 01.24 O 0.81 Knowledge Check 02 Calculate Matlock's profit margin. 44 percent O 24 percent O 81 percent O 35 percent Knowledge Check 03 What is Matlock's return on investment? (Hint: Obtain the answer by multiplying the two component ratios together.) O 35 percent O 24 percent O 81 percent O 43 percent

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