a. Firm D has net income of $83,700, sales of $2,790,000, and average total assets of $1,395,000.
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b. Firm E has net income of $150,000, sales of $2,500,000, and ROI of 15%. Calculate the firm’s turnover and average total assets.
c. Firm F has ROI of 12.6%, average total assets of $1,730,159, and turnover of 1.4. Calculate the firm’s sales, margin, and net income. Round your answers to the nearest whole numbers.
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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