Question
Required: a. Firm A has a margin of 14%, sales of $570,000, and ROI of 18%. Calculate the firm's average total assets. Average total assets:
| Required: |
| a. | Firm A has a margin of 14%, sales of $570,000, and ROI of 18%. Calculate the firm's average total assets. |
| Average total assets: |
| b. | Firm B has net income of $74,000, turnover of 1.2, and average total assets of $910,000. Calculate the firm's sales, margin, and ROI.(Round your "margin" and "ROI" answers to 1 decimal place. (e.g., 32.1)) |
| Sales: Margin: % ROI: % |
| c. | Firm C has net income of $132,000, turnover of 1.81, and ROI of 7.26%. Calculate the firm's margin.(Round your answer to 1 decimal place.(e.g., 32.1)) |
Margin: % |
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
