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a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18% Calculate the firm's average total assets b. Firm B
a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18% Calculate the firm's average total assets b. Firm B has net income of $72,000, asset turnover of 1.40, and average total assets of $920,000. Calculate the firm's sales, margin, and ROI. c. Firm C has net income of $142.000, asset turnover of 1.81, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required C Required A Required B Firm A has a margin of 14%, sales of $640,000, and ROI of 18%. Calculate the firm's average total assets. Note: Round your intermediate calculation to 1 decimal place. Average total assets
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Step: 1
a To calculate the average total assets of Firm A we can use the ROI formula ROI Net Income Average Total Assets We know that ROI 18 and Net Income Sa...Get Instant Access to Expert-Tailored Solutions
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Step: 3
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