Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: a. Calculate net income, margin, and sales required for Mindspin Labs to achieve its target ROI as a manufacturing firm, b. Assume that the

image text in transcribed
image text in transcribed
Required: a. Calculate net income, margin, and sales required for Mindspin Labs to achieve its target ROI as a manufacturing firm, b. Assume that the average margin of maintenance service firms is 3.10%, and that the average ROI for such firms is also 17% Calculate the net income, sales, and total asset turnover that Mindspin Labs will have if the change to services is made and the firm is able to earn an average margin and achieve an 17% ROI. Complete this question by entering your answers in the tabs below. Required A Required Assume that the average margin of maintenance service firms is 3.10%, and that the average Rol for such firms is also 17%. Calculate the net income, sales, and total asset turnover that Mindspin Labs will have if the change to services is made and the firm is able to earn an average margin and achieve an 17% ROI. (Enter your "Sales" and "Net Income answers in millions (te, 10,000,000 should be entered as 10). Do not round intermediate calculations, Round your answers to 2 decimal places.) Show less Net income Sales Turnover million million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Government And Not For Profit Accounting Concepts And Practices

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese

9th Edition

1119803896, 978-1119803898

More Books

Students also viewed these Accounting questions