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Flounder Design Works generated $519,750 in operating income on sales revenue of $2,887,500. The company had $2,610,000 in assets on January 1 and $2,890,000

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Flounder Design Works generated $519,750 in operating income on sales revenue of $2,887,500. The company had $2,610,000 in assets on January 1 and $2,890,000 in assets on December 31. (a-b) (a) Calculate Flounder's margin. (Round answer to O decimal places, e.g. 65%.) Flounder's margin % (b) Calculate Flounder's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Flounder's asset turnover eTextbook and Media Save for Later times Attempts: 0 of 3 used Submit Answer

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