3.

Firm M has a margin of 12%, turnover of 1.2, sales of $960,000, and average stockholders' equity of $450,000.

Required:

Calculate Firm Ms average total assets, net income, return on investment (ROI), and return on equity (ROE).

Average total assets:

Choose numerator:	/	Choose demonimator	=	Average Total Assets
	/		=	Average Total Assets

Net Income:

Choose numerator:	x	Choose demonimator	=	Net Income
	x		=	Net Income

Return on Investment:

Choose numerator:	/	Choose demonimator	=	Return on Investment
	/		=	Return on Investment

Return on Equity:

Choose numerator:

/

Choose demonimator

=

Return on Equity

/

=

Return on Equity