Question
Minimum acceptable return= 13% Capital turnover= 32% Sales=$2,690,000 Beginning inventory $250 000 Average inventory =$300 000 Purchases=$992000 Operating expense= $251,400 Calculate: i.) Operating income ii)
Minimum acceptable return= 13% Capital turnover= 32% Sales=$2,690,000 Beginning inventory $250 000 Average inventory =$300 000 Purchases=$992000 Operating expense= $251,400 Calculate: i.) Operating income ii) Average invested capital iii) ROI iv) Return on sales v) Residual income
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
