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FTR Company had the following income statement for last year: Sales $200,000 Less: COGS 100,000 Gross Profit $100,000 Less: Selling & Admin. Expense 40,000 Operating

FTR Company had the following income statement for last year:

Sales

$200,000

Less: COGS

100,000

Gross Profit

$100,000

Less: Selling & Admin. Expense

40,000

Operating income

$60,000

Beginning assets were $280,000, and ending assets were $300,000

Required:Calculate the following - show your calculations

a. Average operating assets

b. Margin

c. Turnover

d. Return on investment

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