Chacon Enterprises manufactures energy-efficient glass for commercial and residential use. Last year Chacon reported sales of $10
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Chacon Enterprises manufactures energy-efficient glass for commercial and residential use. Last year Chacon reported sales of $10 million, profits of $2 million, and an asset turnover of 2. What was Chacon’s return on investment (ROI)?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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