Question
Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue $3,291,200 Operating income 394,944
Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows:
Sales revenue | $3,291,200 | |
Operating income | 394,944 | |
Average total assets | 3,740,000 |
Production manager Veronica Brockman is investigating the purchase of a new brining station that will increase the plants production capacity. Based on her research, Veronica thinks the station would cost $156,000 and would increase sales revenue by $200,000 and operating profit by $24,000.
Calculate Joyners current margin, asset turnover, and return on investment
Current Margin | Enter percentagesEnter percentagesEnter percentages % | |
---|---|---|
Asset Turnover | Enter Asset Turnover in timesEnter Asset Turnover in timesEnter Asset Turnover in times times | |
Return on Investment | Enter percentagesEnter percentagesEnter percentages %
|
Calculate Joyners margin, asset turnover, and return on investment assuming the company purchases the new brining station.
Current Margin | Enter percentagesEnter percentagesEnter percentages % | |
---|---|---|
Asset Turnover | Enter Asset Turnover in timesEnter Asset Turnover in timesEnter Asset Turnover in times times | |
Return on Investment | Enter percentagesEnter percentagesEnter percentages %
|
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