Question
Required: Firm A has a margin of 11%, sales of $520,000, and ROI of 19%. Calculate the firm's average total assets. Firm B has net
Required:
- Firm A has a margin of 11%, sales of $520,000, and ROI of 19%. Calculate the firm's average total assets.
- Firm B has net income of $72,000, turnover of 1.40, and average total assets of $900,000. Calculate the firm's sales, margin, and ROI.
- Firm C has net income of $132,000, turnover of 1.91, and ROI of 24.00%. Calculate the firm's margin, sales, and average total assets.
Firm A has a margin of 11%, sales of $520,000, and ROI of 19%. Calculate the firm's average total assets. (Round "Turnover" to 1 decimal place.)
Firm B has net income of $72,000, turnover of 1.40, and average total assets of $900,000. Calculate the firm's sales, margin, and ROI. (Round "Margin" and "ROI" answers to 1 decimal place.)
Firm C has net income of $132,000, turnover of 1.91, and ROI of 24.00%. Calculate the firm's margin, sales, and average total assets. (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.)
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Auditing And Assurance Services
Authors: Alvin Arens, Randal J. Elder
14th Global Edition
0273755013, 978-0273755012
