Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required: a. Firm D has net Income of $70,905, sales of $1,222500, and average total assets of $815,000. Calculate the firm's margin, turnover, and ROI.

image text in transcribedimage text in transcribedimage text in transcribed Required: a. Firm D has net Income of $70,905, sales of $1,222500, and average total assets of $815,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net Income of $126,144, sales of $1,728,000, and ROI of 8.76% Calculate the firm's turnover and average total assets. c. Firm F has ROI of 14.60%, average total assets of $1,760,000, and turnover of 0.8 . Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Firm E has net income of $126,144, sales of $1,728,000, and ROI of 8.76%. Calculate the firm's turnover and average total assets. Note: Do not round intermediate calculations. Round 'Turnover' answer to 1 decimal place. Required: a. Firm D has net income of $70,905, sales of $1,222500, and average total assets of $815,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net Income of $126,144, sales of $1,728,000, and ROI of 8.76%. Calculate the firm's turnover and average total assets. c. Firm F has ROl of 14.60%, average total assets of $1,760,000, and turnover of 0.8 . Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Firm D has net income of $70,905, sales of $1,222,500, and average total assets of $815,000. Calculate the firm's margin, turnover, and ROI. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Required: a. Firm D has net income of $70,905, sales of $1,222500, and average total assets of $815,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net Income of $126,144, sales of $1,728,000, and ROI of 8.76%. Calculate the firm's turnover and average total assets. c. Firm F has ROl of 14.60%, average total assets of $1,760,000, and turnover of 0.8 . Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Firm F has ROI of 14.60%, average total assets of $1,760,000, and tumover of 0.8 . Calculate the firm's sales, margin, and net income. Note: Do not round intermediate calculations. Round 'Turnover' answer to 2 decimal places

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

Step: 3

blur-text-image

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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

More Books

Students also viewed these Accounting questions