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Q1) Industrial has asked you to aid its managers find out ROI for year just ended. You gather following information: average assets invested, $3,600,000, revenues, $13,200,000 and expenses $12,300,000

a. Compute return on investments

b. Compute profit margin

c. Compute asset turnover

d. Using parts (b) and (c) prove your answer to part (a).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M922632

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