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For the year ended December 31, 2013, Taylor & Partridge, earned an ROI of 14%. Sales for the year were $18 million, and average asset
For the year ended December 31, 2013, Taylor & Partridge, earned an ROI of 14%. Sales for the year were $18 million, and average asset turnover was 2. Average stockholders' equity was $2.5 million. |
Required: | |
a. | Calculate Taylor & Partridge's margin and net income.(Round your "margin" answer to 1 decimal place (i.e., 32.1).) |
Margin%: Net Income: |
b. | Calculate Taylor & Partridge's return on equity.(Round your answer to 1 decimal place. (e.g., 32.1)) |
Return on equity: |
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