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Duggar Consulting, Inc. reported 2015 sales of $3, 575,000 and operating income of $221, 650. Average total assets during 2015 were $550,000. Duggar's target rate
Duggar Consulting, Inc. reported 2015 sales of $3, 575,000 and operating income of $221, 650. Average total assets during 2015 were $550,000. Duggar's target rate of return is 14%. Calculate Duggar's profit margin ratio, asset turnover ratio, ROI, and Rl for 2015. Calculate Duggar's profit margin ratio, asset turnover ratio, ROI and Rl for 2015. First, compute the profit margin ratio for 2015. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. (Enter the profit margin as a percent rounded to one decimal place, X.X%.) Next, compute Duggar's asset turnover ratio for 2015. Begin by selecting the formula to calculate asset turnover ratio, and then enter the amounts to calculate the company's asset turnover ratio. (Round your answer to two decimal places.) Now, calculate Duggar's ROI for 2015. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate the company's ROI. (Enter the ROI as a percent rounded to one decimal place. X.X%.) Calculate Duggar's Rl for 2015. Begin by selecting the formula to calculate residual income (RI)
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