McBreen Company has income from operations of $ 96,000, invested assets of $ 400,000, and sales of

Question:

McBreen Company has income from operations of $ 96,000, invested assets of $ 400,000, and sales of $ 1,200,000. Use the DuPont formula to compute the rate of return on investment and show
(a) The profit margin,
(b) The investment turnover,
(c) The rate of return on investment.