Required: Firm A has a margin of 10%, sales of $520,000, and ROI of 18%. Calculate the firm's average total assets. Firm B has net income of $70,000, turnover of 1.40, and average total assets of $890,000. Calculate the firm's sales, margin, and ROI. Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.90%. Calculate the firm's margin, sales, and average total assets. Required (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.)
Required: Firm A has a margin of 10%, sales of $520,000, and ROI of 18%. Calculate the firm's average total assets. Firm B has net income of $70,000, turnover of 1.40, and average total assets of $890,000. Calculate the firm's sales, margin, and ROI. Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.90%. Calculate the firm's margin, sales, and average total assets. Required (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.)
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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Required:
- Firm A has a margin of 10%, sales of $520,000, and
ROI of 18%. Calculate the firm's average total assets. - Firm B has net income of $70,000, turnover of 1.40, and average total assets of $890,000. Calculate the firm's sales, margin, and ROI.
- Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.90%. Calculate the firm's margin, sales, and average total assets. Required (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.)
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