Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current...
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Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Production manager Veronica Brockman is investigating the purchase of a new brining station that will increase the plant's production capacity. Based on her research, Veronica thinks the station would cost $762,500 and would increase sales revenue by $300,000 and operating profit by $66,375. Calculate Joyner's margin, asset turnover, and return on investment assuming the company purchases the new brining station. (Round answers to 2 decimal places, e.g. 52.75.) Current Margin % Asset Turnover times Return on Investment %
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