Browning Design Works generated $600,000 in operating income on sales revenue of $3,000,000. The company had $2,000,000
Question:
Browning Design Works generated $600,000 in operating income on sales revenue of $3,000,000. The company had $2,000,000 in assets on January 1 and $3,000,000 in assets on December 31.
Required
a. Calculate Browning’s margin.
b. Calculate Browning’s asset turnover.
c. Calculate Browning’s return on investment.
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a 600000300000 20 b 30000...View the full answer
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