Happy Company has income from operations of $75,000, invested assets of $350,000, and sales of...
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Accounting
Happy Company has income from operations of $75,000, invested assets of $350,000, and sales of $800,000. Use the DuPont formula to calculate the rate of return on investment (ROI), and show (A) the profit margin, (B) the investment turnover, and () rate of return on investment. Round the profit margin percentage to two decimal places and the investment turnover to three decimal places. Show your calculations to get any credit. Division X of Tree Inc.'s has sales of $600,000, income from operations of $100.000 and assets of $450,000. The minimum acceptable rate of return on assets is 14%. What is the residual income for the division? Must show your calculations to get any credit
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