Question
MontyDesign Works generated $531,920in operating income on sales revenue of $2,659,600. The company had $2,010,000in assets on January 1 and $2,870,000in assets on December 31.
MontyDesign Works generated $531,920in operating income on sales revenue of $2,659,600. The company had $2,010,000in assets on January 1 and $2,870,000in assets on December 31.
(a)CalculateMonty's margin.(Round answer to 0 decimal places, e.g. 65%.)
Monty's marginenterMonty's margin in percentages rounded to 0 decimal places
%
(b)CalculateMonty's asset turnover.(Round answer to 2 decimal places, e.g. 0.65.)
Monty's asset turnoverenterMonty's asset turnover in times rounded to 2 decimal places
times
C. CalculateMonty's return on investment.(Round answer to 2 decimal places, e.g. 5.12%.)
Monty's return on investmententerMonty's return on investment in percentages rounded to 2 decimal places
%
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