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Flint Design Works generated $565,250 in operating income on sales revenue of $2,975,000. The company had $2,040,000 in assets on January 1 and $2,960,000
Flint Design Works generated $565,250 in operating income on sales revenue of $2,975,000. The company had $2,040,000 in assets on January 1 and $2,960,000 in assets on December 31. (a-b) Your answer is partially correct. (a) Calculate Flint's margin. (Round answer to O decimal places, e.g. 65%.) Flint's margin 19 % (b) Calculate Flint's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Flint's asset turnover times
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