a. Firm A has a margin of 12%, sales of $600,000, and ROI of 18%. Calculate the
Question:
a. Firm A has a margin of 12%, sales of $600,000, and ROI of 18%. Calculate the firm’s average total assets.
b. Firm B has net income of $78,000, turnover of 1.3, and average total assets of $950,000. Calculate the firm’s sales, margin, and ROI. Round your percentage answer to one decimal place.
c. Firm C has net income of $132,000, turnover of 2.1, and ROI of 7.37%. Calculate the firm’s margin. Round your percentage answer to one decimal place.
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ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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