Question
Firm J has net income of $64,050, sales of $915,000, and average total assets of $381,250. Required: Calculate Firm Js margin, turnover, and return on
Firm J has net income of $64,050, sales of $915,000, and average total assets of $381,250. Required:
Calculate Firm Js margin, turnover, and return on investment (ROI).
Margin:= Net income/Sales=Margin=
Turnover:=Sales/Average total assets=
Return on Investment =Net income/Average total assets=Return on Investment=
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
