Question
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
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. Calculate Browning's margin
B. Calculate Browning's asset turnover
C. Calculate Browning's return of investment.
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Mastering 21st Century Enterprise Risk Management
Authors: Gregory M Carroll
1st Edition
1483510441, 9781483510446
