The following information was available for the year ended December 31, 2022: Required: a. Calculate margin, turnover,
Question:
The following information was available for the year ended December 31, 2022:
Required:
a. Calculate margin, turnover, and ROI for the year ended December 31, 2022.
b. Calculate ROE for the year ended December 31, 2022.
Transcribed Image Text:
Sales .................. Net income... Average total assets ...... Average total stockholders' equity $400,000 64,000 800,000 640,000
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a b Margin Net income Sales 64000 400000 16 Turnover Sales ...View the full answer
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