Question

Browning Design Works generated $300,000 in operating income on sales revenue of $2,000,000. The company had $2,200,000 in assets on January 1 and $2,800,000 in assets on December 31.

Required
a. Calculate Browning's margin.
b. Calculate Browning's asset turnover.
c. Calculate Browning's return on investment.



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  • CreatedFebruary 21, 2014
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