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Pelak Company had sales of $4,916,000, expenses of $4,361,000, and average operating assets of $3,690,000. Required: 1. Compute the operating income. 2. Compute the margin
Pelak Company had sales of $4,916,000, expenses of $4,361,000, and average operating assets of $3,690,000.
Required:
1. Compute the operating income.
2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place.
Margin: _____%
Turnover:_______
3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.
_______%
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