Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Return on Investment, Margin, Turnover Data follow for Andrus Inc.: Line Item Description Year 1 Year 2 Sales $9,250,000 $7,940,000 Operating income 519,850 307,278 Average

Return on Investment, Margin, Turnover

Data follow for Andrus Inc.:

Line Item Description Year 1 Year 2
Sales $9,250,000 $7,940,000
Operating income 519,850 307,278
Average operating assets 18,137,255 17,644,444

Required:

1. Compute the margin (as a percent) and turnover ratios for each year. Round your answers 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. Note: Enter percentage to two decimal places. 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

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

Accounting For The Environment

Authors: Rob Gray, Jan Bebbington

2nd Edition

0761971378, 978-0761971375

More Books

Students also viewed these Accounting questions

Question

Did you trace the accomplishments, issues, and milestones?

Answered: 1 week ago