Blue Design Works generated $521,520 in operating income on sales revenue of $3,259,500. The company had $2,300,000 in assets on January 1 and $3,000,000 in assets on December 31.

(a) Calculate Blue's margin. (Round answer to 0 decimal places, e.g. 65%.)

Blue's margin

enter Blue's margin in percentages rounded to 0 decimal places %

(b) Calculate Blue's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.)

Blue's asset turnover

enter Blue's asset turnover in times rounded to 2 decimal places times

Calculate Blue's return on investment. (Round answer to 2 decimal places, e.g. 5.12%.)

Blue's return on investment

enter Blue's return on investment in percentages rounded to 2 decimal places %

Answer rating: 100% (QA)

To calculate Blue Design Works margin asset turnover and return on investment we c... View the full answer