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1. Pollux Company had the following income statement for last year: Sales $360,000 Less: Cost of goods sold 195,000 Gross margin $165,000 Less: Selling &

1. Pollux Company had the following income statement for last year:

Sales

$360,000

Less: Cost of goods sold

195,000

Gross margin

$165,000

Less: Selling & administrative expense

78,600

Operating income

$ 86,400

Beginning assets were $565,000 and ending assets were $597,000. (Carry computations out to three decimal places.)

A.

What are average operating assets?

B.

What is margin?

C.

What is turnover?

D.

What is ROI?

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