For the year ended December 31, 2010, Ebanks, Inc., earned an ROI of 12%. Sales for the
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Required:
a. Calculate Ebanks, Inc.’s margin and net income.
b. Calculate Ebanks, Inc.’s return on equity.
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.
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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