Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Return on Investment, Margin, Turnover Data follow for Andrus Inc.: Line Item Description Year 1 Year 2 Sales $46,000,000 $48,000,000 Operating income 4,000,000 4,000,000 Average
Return on Investment, Margin, Turnover
Data follow for Andrus Inc.:
Line Item Description | Year 1 | Year 2 |
---|---|---|
Sales | $46,000,000 | $48,000,000 |
Operating income | 4,000,000 | 4,000,000 |
Average operating assets | 164,000,000 | 150,000,000 |
Required:
1. Compute the margin (as a percent) and turnover ratios for each year. Round percents to the nearest whole percent. Round turnover ratios to two decimal places.
Line Item Description | Year 1 | Year 2 |
---|---|---|
Margin | fill in the blank 1 % | fill in the blank 2 % |
Turnover | fill in the blank 3 | fill in the blank 4 |
2. Compute the ROI for the company for each year. Round percents to the nearest whole percent. ROI year 1 fill in the blank 1 of 2 % ROI year 2 fill in the blank 2 of 2 %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started