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For the most recent fiscal year, the Southern Division of Fargo Corporation generated an asset turnover ratio of 5 and

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For the most recent fiscal year, the Southern Division of Fargo Corporation generated an asset turnover ratio of 5 and a profit margin (as measured by the segment margin) ratio of 6 percent on sales of $ 3,950,000.
a. Compute the average assets employed.
b. Compute the segment margin.
c. Compute the ROI.

Asset Turnover
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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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a Asset turnover Sales Average assets 5 3 950 000 …View the full answer


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Cost Accounting Foundations and Evolutions

Cost Accounting Foundations and Evolutions

ISBN: 978-1111971724

9th edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: June 03, 2014 09:30:34
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