Firm J has net income of $72,000, sales of $960,000, and average total assets of $480,000. Required:

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Firm J has net income of $72,000, sales of $960,000, and average total assets of $480,000.

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Calculate Firm J's margin, turnover, and return on investment (ROI).

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Accounting What the Numbers Mean

ISBN: 978-0078025297

10th edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele

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Question Posted: Oct 05, 2013 01:31 AM

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Firm J has net income of $72,000, sales of $960,000, and average total assets of $480,000. Required:

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