Question
1.The following information is available for our company for the current year: operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required rate
1.The following information is available for our company for the current year:
operating income, $45,000;
average total assets, $400,000;
net sales, $900,000; and
required rate of return, 12%.
what is the minimum acceptable operating income.
A.($3,000)
B. $3,000
c. $45,000
d. $48,000
2.what is the asset turnover totwo decimal places.
A. 2.25 times
B. 4.44 times
C. 5.00 times
D. 8.89 times
3.what is the profit margin to two decimal places.
A.4.44%
B.5.00%
C.8.89%
D.11.25%
4.The following information is available for our company for the current year:
- operating income, $75,000;
- average total assets, $500,000;
- net sales, $750,000; and
- required rate of return, 12%.
what is thereturn on investment (ROI)rounded to two decimal places.
A.6.67%
B.10.00%
C.15.00%
D.16.67%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started