Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 26, 2024

Paul Inc. had average operating assets of $6,000,000 and sales of $3,000,000 in 2016. If the controllable margin was $1,200,000, the ROI was what percentage?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Introduction To Concepts Methods And Uses

Authors: Clyde P. Stickney, Roman L. Weil

8th Edition

0030182689, 978-0030182686

More Books

Students also viewed these Accounting questions

Question

★★★★★

Keppel Corporation manufactures and sells three different models of exterior doors. Although the doors vary in terms of quality and features, all are good sellers. Keppel is currently operating at...

Answered: 1 week ago

Question

★★★★★

For the following, what inferential statistical procedures should be performed and what is the key information for answering the research question? Unless described otherwise, assume scores are...

Answered: 1 week ago

Question

★★★★★

Were any of the authors students?

Answered: 1 week ago

Question

★★★★★

On January 1, 2021, Acme Co. is considering purchasing a 40 percent ownership interest in PHC Co., a privately held enterprise, for $700,000. PHC predicts its profit will be $185,000 in 2021,...

Answered: 1 week ago

Question

★★★★★

The stock of XYZ sells for $55 a share. Its likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows: Dividend $2.10 Stock Price $65 Boom...

Answered: 1 week ago

Question

★★★★★

Determine whether each of these compound propositions is satisfiable. ( p q ) ( p q ) ( p q ) Can I assume p q is T, therefore ( p q ) is T, ( p q ) is T , ( p q ) is F, so T T F is not satisfiable?

Answered: 1 week ago

Question

★★★★★

5. Sharon plans to contribute $400 to an RRSP every quarter for the next 28 years. During this time, the 3. Consider the sketch below and fill in the blanks: (5 marks) RRSP is expected to earn 9.8%...

Answered: 1 week ago

Question

★★★★★

5. Philosophers and scientists alike would argue that humans have: Only hedonic goals and purposes Only eudaimonic goals and purposes Neither hedonic nor eudaimonic goals and purposes A mixture of...

Answered: 1 week ago

Question

★★★★★

Mike was the policy owner and life insured of a 20-year term life insurance policy, with a $500,000 face value, on which he had named his spouse, Rachel, as the beneficiary. Unfortunately, Mike was...

Answered: 1 week ago

Question

★★★★★

sheridan co issued 700,000 of 5-year,6% bonds at 96 on Jan 1 2027. the bonds pay interest annually. compute the total cost of borrowing for these bonds compute the total cost of borrowing for these...

Answered: 1 week ago

Question

★★★★★

Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory has increased to $197,000. Cost of goods sold for the year is $1,300,000. Compute Endor's...

Answered: 1 week ago

Question

★★★★★

Explain the role that trainability plays in the effectiveness of an HRD program or intervention. Briefly describe the options available to assess the trainability of employees.

Answered: 1 week ago

Question

★★★★★

Recall a time at work or school when you found it difficult to motivate yourself to complete a required task (like start a report or study for an examination). Using two different motivation...

Answered: 1 week ago

Question

★★★★★

Robert Gagn and others have argued that traditional principles of learning (such as contiguity and association) are not sufficient for designing effective training programs. State the reasoning...

Answered: 1 week ago

Previous Question Next Question