Question
Grouper Design Works generated $ 363,580 in operating income on sales revenue of $ 2,597,000. The company had $ 2,000,000 in assets on January 1
Grouper Design Works generated $ 363,580 in operating income on sales revenue of $ 2,597,000. The company had $ 2,000,000 in assets on January 1 and $ 2,900,000 in assets on December 31.
(a) Calculate Grouper's margin.
(b) Calculate Grouper's asset turnover.
(c.) Calculate Grouper's return on investment.
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Management Accounting Information for creating and managing value
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
8th edition
9781760420413 , 978-1760420406
