How did the get the $160 in part B

class with solutions.docx 9 in class with solutions.docx (28.3 KB) Page Question 1: Logan Corporation reported the following operating data for the past year: $400,000 20,000 130,000 Sales Net operating income Total liabilities, December 31 Assets, January 1 Assets, December 31 150,000 170,000 Required a. Calculate Logan's margin. b. Calculate Logan's asset turnover. c. Calculate Logan's ROI Solution a. $20,000/$400,000.5% b. $400,000/$160,000- 2.5 oD F9 FS #6 F7 F8 FVO