Pelak Company had sales of $350,000, expenses of $315,000, and average operating assets of $140,000. Required: 1.
Question:
Pelak Company had sales of $350,000, expenses of $315,000, and average operating assets of $140,000.
Required:
1. Compute the operating income.
2. Compute the margin and turnover ratios.
3. Compute the ROI.
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1 Sales 350000 Less expense 315000 Operating income 35000 2 M...View the full answer
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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