Question
Sales and average operating assets for Company P and Company Q are given below: Sales Average Operating Assets Company P $20,000 $10,000 Company Q $50,000
Sales and average operating assets for Company P and Company Q are given below:
| Sales | Average Operating Assets | |
| Company P | $20,000 | $10,000 |
| Company Q | $50,000 | $8,000 |
What is the margin that each company (Company P and Company Q, respectively) will have to earn in order to generate a return on investment of 20%?
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
978-0133428537
