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What is the rate of return on investment

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Question - Miller's Quarter Horse Company has sales of $4,500,000. It also has invested assets of $2,500,000 and operating expenses of $3,800,000. The company has established a minimum rate of return of 7%.

(a) What is Miller's profit margin?

(b) What is the investment turnover?

(c) What is the rate of return on investment?

(d) What is Miller's residual income?

Reference no: EM131960302

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