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Swifty Design Works generated $584,430 in operating income on sales revenue of $2,783,000. The company had $1,700,000 in assets on January 1 and $2,900,000 in
Swifty Design Works generated $584,430 in operating income on sales revenue of $2,783,000. The company had $1,700,000 in assets on January 1 and $2,900,000 in assets on December 31. (ab) (a) Calculate Swifty's margin. (Round answer to 0 decimal places, e.g. 65\%.) Swifty's margin % (b) Calculate Swifty's asset turnover. (Round answer to 2 decimal places, e.g. 0.65.) Swifty's asset turnover times
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