a. Firm D has net income of $61,750, sales of $1,625,000, and average total assets of $650,000.

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a. Firm D has net income of $61,750, sales of $1,625,000, and average total assets of $650,000. Calculate the firm's margin, turnover, and ROI.

b. Firm E has net income of $241,500, sales of $3,450,000, and ROI of 16.1%. Calculate the firm's turnover and average total assets.

c. Firm F has ROI of 15%, average total assets of $1,700,00), and turnover of 1.2. Calculate the firm's sales, margin, and net income. Round your answers to the nearest whole numbers.

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Accounting What the Numbers Mean

ISBN: 978-1259535314

11th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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Question Posted: Aug 03, 2016 08:00 AM

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a. Firm D has net income of $61,750, sales of $1,625,000, and average total assets of $650,000.

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a Margin 61750 Net income 1625000 Sales 38 Turnover 16250...View the full answer

Accounting What the Numbers Mean

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