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During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. Based on this information,
During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000.
- Based on this information, calculate asset turnover.
- Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
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