Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400....

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Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400....

Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.
(.25, .252, .3, .250 all were wrong)

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Answer 1

Answer #1

Margin = Income from operation/Sales = 76356/848400 = 9%

Turnover = Sales/Average assets = 848400/303000 = 2.8

ROI = 9*2.8 = 25.2%

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Answer 2

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Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400....

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Briggs Company has operating income of $85,248, invested assets of $296,000, and sales of $710,400. Use...

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Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400....

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Briggs Company has income from operations of $76,356, invested assets of $303,000, and sales of $848,400....