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Sweet Treats Sweet Treats had the following results from 2020 operations: Sales $14,000,000 Variable Expenses 9,560,000 Contribution Margin 4,440,000 Fixed Expenses 3,740,000 Net operating income
Sweet Treats Sweet Treats had the following results from 2020 operations: Sales $14,000,000 Variable Expenses 9,560,000 Contribution Margin 4,440,000 Fixed Expenses 3,740,000 Net operating income $ 700,000 Average operating assets $ 7,000,000 1.) Calculate turnover in 2020 for Sweet Treats (Answer 2.0) 2.) Calculate Return on Investment (ROI) in 2020 for Sweet Treats (Answer 10%)
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