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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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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
6th edition
1305103963, 978-1305548909, 1305548906, 978-1305103962
