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Browning Design Works generated $ 600,000 in operating income on sales revenue of $ 3,000,000. The company had $ 2,000,000 in assets on January 1
Browning Design Works generated $ 600,000 in operating income on sales revenue of $ 3,000,000. The company had $ 2,000,000 in assets on January 1 and $3,000,000 in assets on December 31. (a-b) (a) Calculate Browning's margin. (Round answer to 0 decimal places, e.g. 65%.) Browning's margin % (b) Calculate Browning's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Browning's asset turnover times
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