Cash Company has income from operations of $31,584, invested assets of $141,000, and sales of $394,800....
Cash Company has income from operations of $31,584, invested assets of $141,000, and sales of $394,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.
| a. Profit margin | % | |
| b. Investment turnover | ||
| c. Return on investment | % |
Homework Answers
Margin = Net operating income/Sales
= 31,584/394,800
= 8%
Turnover = Sales/Average operating assets
= 394,800/141,000
= 2.80
Return on investment = 8*2.80
= 22.40%
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