a. Firm D has net income of $54,000, sales of $1,200,000, and average total assets of $750,000.

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a. Firm D has net income of $54,000, sales of $1,200,000, and average total assets of $750,000. Calculate the firm’s margin, turnover, and ROI.

b. Firm E has net income of $132,000, sales of $2,200,000, and ROI of 9.6%. Calculate the firm’s turnover and average total assets.

c. Firm F has ROI of 12%, average total assets of $1,500,000, and turnover of 0.8. 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: 978-1260565492

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Authors: David Marshall, Wayne McManus, Daniel Viele

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Question Posted: Oct 25, 2019 01:33 PM

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a. Firm D has net income of $54,000, sales of $1,200,000, and average total assets of $750,000.

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a Margin 54000 Net income 1200000 Sales 45 Turnover 120...View the full answer

Accounting What the Numbers Mean

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