Browning Design Works generated $300,000 in operating income on sales revenue of $2,000,000. The company had $2,200,000

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Browning Design Works generated $300,000 in operating income on sales revenue of $2,000,000. The company had $2,200,000 in assets on January 1 and $2,800,000 in assets on December 31.

Required

a. Calculate Browning's margin.

b. Calculate Browning's asset turnover.

c. Calculate Browning's return on investment.

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Managerial Accounting

ISBN: 978-1118338445

2nd edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: Feb 21, 2014 03:42 AM

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Browning Design Works generated $300,000 in operating income on sales revenue of $2,000,000. The company had $2,200,000

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