Essay
Ralston Company has income from operations of $75,000, invested assets of $360,000, and sales of $790,000.?Use the DuPont formula to calculate the return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) return on investment. Round the profit margin percentage to two decimal places and the investment turnover to three decimal places.
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(a) Profit Margin = $75,000/$7...View Answer
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