Question
ROI and Margin Arbus Company provided the following information: Turnover 4.7 Operating assets $104,000 Operating income 6,160 Required: 1. What is ROI? (Round your answer
ROI and Margin
Arbus Company provided the following information:
| Turnover | 4.7 |
| Operating assets | $104,000 |
| Operating income | 6,160 |
Required:
1. What is ROI? (Round your answer to three decimals.) fill in the blank 1
2. What is margin? (Round your answer to two decimals.) fill in the blank 2
FYI - The ROI is not 5.9 (I have tried and it is not correct)
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The Audit Committee Handbook
Authors: Louis Braiotta Jr.
4th Edition
0470226420, 978-0470226421
