Pelak Company had sales of $350,000, expenses of $315,000, and average operating assets of $140,000. Required: 1.

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Pelak Company had sales of $350,000, expenses of $315,000, and average operating assets of $140,000.

Required:

1. Compute the operating income.

2. Compute the margin and turnover ratios.

3. Compute the ROI.

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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

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Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 04, 2012 12:17 AM

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Pelak Company had sales of $350,000, expenses of $315,000, and average operating assets of $140,000. Required: 1.

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1 Sales 350000 Less expense 315000 Operating income 35000 2 M...View the full answer

Cornerstones of Managerial Accounting

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