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problem: Industrial has asked you to help its managers estimate the ROI for the year just ended. You gather the following data: 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) & (C) prove your answer to part (A).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921539

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