Felton Company has income from operations of $51,250, invested assets of $280,000, and sales of $644,000. Use

Question:

Felton Company has income from operations of $51,250, invested assets of $280,000, and sales of $644,000. Use the DuPont formula to compute the rate of return on investment and show
(a) The profit margin,
(b) The investment turnover, and
(c) The rate of return on investment.