a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18% Calculate...
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a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18% Calculate the firm's average total assets b. Firm B has net income of $72,000, asset turnover of 1.40, and average total assets of $920,000. Calculate the firm's sales, margin, and ROI. c. Firm C has net income of $142.000, asset turnover of 1.81, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required C Required A Required B Firm A has a margin of 14%, sales of $640,000, and ROI of 18%. Calculate the firm's average total assets. Note: Round your intermediate calculation to 1 decimal place. Average total assets a. Firm A has a margin of 14%, sales of $640,000, and ROI of 18% Calculate the firm's average total assets b. Firm B has net income of $72,000, asset turnover of 1.40, and average total assets of $920,000. Calculate the firm's sales, margin, and ROI. c. Firm C has net income of $142.000, asset turnover of 1.81, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required C Required A Required B Firm A has a margin of 14%, sales of $640,000, and ROI of 18%. Calculate the firm's average total assets. Note: Round your intermediate calculation to 1 decimal place. Average total assets
Expert Answer:
Answer rating: 100% (QA)
a To calculate the average total assets of Firm A we can use the ROI formula ROI Net Income Average Total Assets We know that ROI 18 and Net Income Sa... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-1259535314
11th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
Posted Date:
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