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Hey guys I have a question in accounting. The question is: Firm F has ROI of 12.60%, average total assets of $1,620,500, and turnover of
Hey guys I have a question in accounting. The question is:
Firm F has ROI of 12.60%, average total assets of $1,620,500, and turnover of 1.60. Calculate the firm's sales, margin, and net income.
I figured out the margin at 7.9%, and sales are $2,592,800, but I'm having a hard time with net income. I've done a couple of equations but still not the right answer. Can anyone help me solve this?
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