Question
ROI and Margin Arbus Company provided the following information: Turnover 2.9 Operating assets $124,000 Operating income 6,980 Required: 1. What is ROI? (Round your
ROI and Margin Arbus Company provided the following information: Turnover 2.9 Operating assets $124,000 Operating income 6,980 Required: 1. What is ROI? (Round your answer to three decimals.) 5.629 X 2. What is margin? (Round your answer to two decimals.) 1.941 X Feedback Check My Work Return on investment (ROI) = Margin x Turnover or ROI = Operating income + Average operating assets
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
9781337386005
