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)
Homework Answers
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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Briggs Company has income from operations of $76,356, invested
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