Determine solanos return on investment

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Problem

Solano Company has sales of $800,000, cost of goods sold of $520,000, other operating expenses of $35,000, average invested assets of $2,350,000, and a hurdle rate of 11 percent. Determine Solano's return on investment (ROI), investment turnover, profit margin, and residual income.

Reference no: EM131977176

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