a. Firm D has net income of $83,700, sales of $2,790,000, and average total assets of $1,395,000.

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a. Firm D has net income of $83,700, sales of $2,790,000, and average total assets of $1,395,000. Calculate the firm’s margin, turnover, and ROI.
b. Firm E has net income of $150,000, sales of $2,500,000, and ROI of 15%. Calculate the firm’s turnover and average total assets.
c. Firm F has ROI of 12.6%, average total assets of $1,730,159, and turnover of 1.4. 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: 978-0073527062

9th Edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

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