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Monty Design Works generated $393,000 in operating income on sales revenue of $2,000,000. The company had $2,010,000 in assets on January 1 and $2,870,000 in
Monty Design Works generated $393,000 in operating income on sales revenue of $2,000,000. The company had $2,010,000 in assets on January 1 and $2,870,000 in assets on December 31. (a-b) (a) Calculate Monty's margin. (Round answer to O decimal places, e.g. 65%.) % Monty's margin (b) Calculate Monty's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) times Monty's asset turnover
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