Alliance Division has the following information for the year ended
Alliance Division has the following information for the year ended December 31, 2009.
Assets invested................................. $12,800,000
Revenues......................................... 8,750,000
Expenses......................................... 5,975,000
Required:
(a) Calculate return on investment.
(b) Calculate profit margin.
(c) Calculate asset turnover.
(d) Use the answers from parts (b) and (c) to prove the answer in part (a).
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