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Required: a. Firm A has a margin of 12%, sales of $530,000, and ROI of 17%. Calculate the firm's average total assets. b. Firm
Required: a. Firm A has a margin of 12%, sales of $530,000, and ROI of 17%. Calculate the firm's average total assets. b. Firm B has net income of $74,000, turnover of 1.20, and average total assets of $880,000. Calculate the firm's sales, margin, and ROI. c. Firm C has net income of $132,000, turnover of 1.91, and ROI of 23.90% Calculate the firm's margin, sales, and average total assets.
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Financial Accounting
Authors: Belverd E. Needles, Marian Powers
11th edition
1133769314, 053847601X, 9781133715023, 978-1133769316, 1133715028, 978-0538476010
