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Culver Design Works generated $458,430 in operating income on sales revenue of $3,056,200. The company had $2,320,000 in assets on January 1 and $2,860,000 in
Culver Design Works generated $458,430 in operating income on sales revenue of $3,056,200. The company had $2,320,000 in assets on January 1 and $2,860,000 in assets on December 31.
(a-b)
(a) Calculate Culver's margin. (Round answer to 0 decimal places, e.g. 65%.)
Culver's Margin (%) = t (b) Calculate Culver's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.)
Culver's Asset Turnover (times) =
(c) Calculate Culver's return on investment. (Round answer to 2 decimal places, e.g. 5.12%.)
Culver's Return on Investment (%) =
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