Question

Campbell Company has income from operations of $74,790, invested assets of $277,000, and sales of $747,900....

Campbell Company has income from operations of $74,790, invested assets of $277,000, and sales of $747,900. Use the DuPont formula to compute the rate of return on investment. If required, round your answers to two decimal place.

a. Profit margin %
b. Investment turnover
c. Rate of return on investment %

The Consumer Division of Peanut Co. has income from operations of $93,740 and assets of $252,000. The minimum acceptable rate of return on assets is 12%.

What is the residual income for the division?
$

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