Following is the financial information of Optimum Solvers Inc. for the last financial year: Operating Income...
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Following is the financial information of Optimum Solvers Inc. for the last financial year: Operating Income Sales Average Operating Assets 219,000 $2,190,000 $730,000 Calculate its margin ratio and turnover ratio. a. Margin ratio is 10%; turnover ratio is 3 b. Margin ratio is 11%; turnover ratio is 3 c. Margin ratio is 11%; turnover ratio is 4 d. Margin ratio is 10%; turnover ratio is 4 Following is the financial information of Optimum Solvers Inc. for the last financial year: Operating Income Sales Average Operating Assets 219,000 $2,190,000 $730,000 Calculate its margin ratio and turnover ratio. a. Margin ratio is 10%; turnover ratio is 3 b. Margin ratio is 11%; turnover ratio is 3 c. Margin ratio is 11%; turnover ratio is 4 d. Margin ratio is 10%; turnover ratio is 4
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
Posted Date:
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