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Hello. I am struggling with an Accounting question (multiple choice): A firm's net income is $630,000 on sales of $63 million. Average assets for the
Hello. I am struggling with an Accounting question (multiple choice):
A firm's net income is $630,000 on sales of $63 million. Average assets for the period were $14 million. For the year:
a) margin was 6%, turnover was 1.5, and ROI was 6%.
b) margin was 5%, turnover was 1.2, and ROI was 6%.
c) margin was 1%, turnover was 4.5, and ROI was 4.5%.
d) margin was 4%, turnover was 1.2, and ROI was 4.8%.
Any help in the right direction would be greatly appreciated. Thank you.
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