Answered step by step
Verified Expert Solution
Question
1 Approved Answer
View previous attempt Required: a. Firm A has a margin of 10%, sales of $520,000, and ROI of 17%. Calculate the firm's average total assets.
View previous attempt Required: a. Firm A has a margin of 10%, sales of $520,000, and ROI of 17%. Calculate the firm's average total assets. b. Firm B has net income of $72,000, turnover of 1.40, and average total assets of $930,000. Calculate the firm's sales, margin, and ROI c. Firm C has net income of $140,000, turnover of 1.81, and ROI of 23.90% Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm B has net income of $72,000, turnover of 1.40, and average total assets of $930,000. Calculate the firm's sales, margin, and ROI. (Round "Margin" and "ROI" answers to 1 decimal place.) Sales Margin ROI $ 1,302,000 5.5 % 7.0% Prev 2 of 5 # Next > View previous attempt a. Firm A has a margin of 10%, sales of $520,000, and ROI of 17%. Calculate the firm's average total assets. b. Firm B has net income of $72,000, turnover of 1.40, and average total assets of $930,000. Calculate the firm's sales, margin, and ROI c. Firm C has net income of $140,000, turnover of 1.81, and ROI of 23.90%. Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm C has net income of $140,000, turnover of 1.81, and ROI of 23.90 %. Calculate the firm's margin, sales, and average total assets. (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.) Margin Sales 5.0 % $ 14,400,000 Average total assets $ 10,285,714
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started