Question
P24-37 using ROI and RI to evaluate investment centers. This problem continues the Daniels consulting situation from problem P 23-35 of chapter 23. Daniels consulting
P24-37 using ROI and RI to evaluate investment centers. This problem continues the Daniels consulting situation from problem P 23-35 of chapter 23. Daniels consulting reported 2018 sales of $3,200,000 and operating income of $185,600. Average total assets during 2018 were $640,000. Daniels target rate of return is 17%. Calculate Daniels profit margin ratio, asset turnover rate, ROI, and RI for 2018.I have included a screenshot of the excel spreadsheet I need to fill out. Please help, I will need to do something similar for an upcoming test. Thank you!
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