Mini-Exercise 3-4 (Static) Calculate average total assets, net income, ROI, and ROE LO 3-3.\ Firm

M

has a margin of

11%

, turnover of 1.4 , sales of

$840,000

, and average stockholders' equity of

$400,000

.\ Required:\ Calculate Firm M's average total assets, net income, return on investment (ROI), and return on equity (ROE).

Mini-Exercise 3-4 (Static) Calculate average total assets, net income, ROI, and ROE LO 3-3 Firm M has a margin of 11%, turnover of 1.4 , sales of $840,000, and average stockholders' equity of $400,000. Required: Calculate Firm M's average total assets, net income, return on investment (ROI), and return on equity (ROE)