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Sheffield Design Works generated $367,080 in operating income on sales revenue of $2,622,000. The company had $1,710,000 in assets on January 1 and $2,850,000 in
Sheffield Design Works generated $367,080 in operating income on sales revenue of $2,622,000. The company had $1,710,000 in assets on January 1 and $2,850,000 in assets on December 31. (a-b) Your answer is partially correct. (a) Calculate Sheffield's margin. (Round answer to O decimal places, e.g. 65%.) Sheffield's margin 14 % (b) Calculate Sheffield's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Sheffield's asset turnover .92 times
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