Question
Farrag Co. has net income margin of 15%, total assets turnover of 1.2 times, fixed assets turnover of 4 times, and cash of $50,000. Calculate
Farrag Co. has net income margin of 15%, total assets turnover of 1.2 times, fixed assets turnover of 4 times, and cash of $50,000. Calculate ROI for Farrag Co. and evaluate the profitability position of the company if the Industry average ROI is 15%.
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
