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Part C please Sarasota Design Works generated $533,520 in operating income on sales revenue of $2,964,000. The company had $2,370,000 in assets on January 1
Part C please
Sarasota Design Works generated $533,520 in operating income on sales revenue of $2,964,000. The company had $2,370,000 in assets on January 1 and $2,830,000 in assets on December 31. (a-b) Your answer is correct. (a) Calculate Sarasota's margin. (Round answer to 0 decimal places, eg. 65%.) Sarasota's margin 18 % (b) Calculate Sarasota's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Sarasota's asset turnover 1.14 times e Textbook and Media Attempts: 1 of 3 used (c) Calculate Sarasota's return on investment. (Round answer to 2 decimal places, e.g. 5.12%.) Sarasota's return on investment %Step by Step Solution
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