Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ Companyhas $72,000 of operating income, a profit margin (i.e. sales margin) of 11%, a target rate of return of 10%, and asset turnover (i.e.

  1. XYZ Companyhas $72,000 of operating income, a profit margin (i.e. sales margin) of 11%, a target rate of return of 10%, and asset turnover (i.e. capital turnover) of 3 times. The sales in dollars for XYZ Company would be closest to which of the following?

[ROUND ANSWER TO THE NEAREST DOLLAR]

  1. Your Corporation has an ROI of 25%, total assets of $5,250,000, and current liabilities of $950,000. What is Your Corporation's operating income?

Yourother Corporation has fixed costs of $165144, operating income of $72,000, a profit margin of 12%, and asset turnover of 3.0. The return on investment (ROI) for Yourother Corporation would bewhat?

  1. [SHOW PERCENTAGE AS AN INTEGER.E.G. 18 for 18% (not 0.18)]

A company provides the following information regarding its performance for the past year.What is it's sales turnover for the past year?

[Provide answer to 2 digits after the decimal place.Ignore any extra zeros added by CANVAS]

Sales

$666788

Gross Margin

$70000

Operating Income

$50000

Shareholders' Equity

$90000

Average Operating Assets

$297921

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk-Based Internal Audit

Authors: Jason Lee Mefford

1st Edition

1631922629, 9781631922626

More Books

Students also viewed these Accounting questions