Calculate the profit margin using the dupont formula

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Problem 1: Use the information shown below to calculate the profit margin, investment turnover, and rate of return on investment using the DuPont formula for the company in 2019 and 2020. Determine if changes in the rate of return on investment are favorable or unfavorable. Round answers to two decimal places.

                                            2020                   2019

Sales                                 $ 456,000            $ 420,000

Income from operations          320,000               305,700

Invested assets                    1,270,000               1,255,000

Reference no: EM132985855

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