Oakley Companys profit margin is 15%, and its asset turnover is 3.5. Compute the companys return on

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Oakley Company’s profit margin is 15%, and its asset turnover is 3.5. Compute the company’s return on investment (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.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 28, 2011 03:37 AM

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Oakley Companys profit margin is 15%, and its asset turnover is 3.5. Compute the companys return on

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Accounting concepts and applications

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