Business, 24.06.2019 10:30 bettybales1986
The condensed income statement for the consumer products division of fargo industries inc. is as follows (assuming no service department charges): sales $82,500,000 cost of goods sold 53,625,000 gross profit $ 28,875,000 administrative expenses 15,675,000 income from operations $ 13,200,000 the manager of the consumer products division is considering ways to increase the return on investment a. using the dupont formula for return on investment, determine the profit margin, investment turnover, and return on investment of the consumer products division, assuming that $55,000,000 of assets have been invested in the consumer products division. if required, round the investment turnover to one decimal place. profit margin % investment turnover rate of return on investment
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The condensed income statement for the consumer products division of fargo industries inc. is as fol...
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