v2 cengagenow.com SP-Reeder-OL (Jan to May): Link to Cengage CengageNOWv2 | Onli

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v2 cengagenow.com SP-Reeder-OL (Jan to May): Link to Cengage CengageNOWv2 | Online teaching and learning resource from Cengage L.. Profit Margin, Investment Turnover, and ROI Briggs Company has income from operations of $44,460, invested assets of $190,000, and sales of $494,000. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin X% b. Investment turnover 2.6 c. Return on investment a. Divide income from operations by sales. b. Divide sales by invested assets. c. Muitiply (a) and (b), or divide income from operations by invested assets. Learning Objective 4. Previous Next

Explanation / Answer

Requirement a Profit Margin = Income/Sales Profit Margin = 44,460/494,000 9.00% Requirement c Return on investment = Income/Invested Assets 44,460/190,000 23.40%

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