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Calculate the investment turnover for chicks

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Reference no: EM133170920

Question - Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $302,500, and a desired minimum rate of return of 15%.

a. Calculate the profit margin for Chicks.

b. Calculate the investment turnover for Chicks.

c. Calculate the residual income for Chicks.

Reference no: EM133170920

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