Question: Juniper Design, provides design services to residential developers. Last year, the company had net operating income of $420,000 on sales of $2,100,000. The company's
Juniper Design, provides design services to residential developers. Last year, the company had net operating income of $420,000 on sales of $2,100,000. The company's average operating assets were $2,300,000 and its minimum required rate of return was 15%. Provide the missing data in the following table for a distributor of martial arts products: Note: Enter "Turnover" and "ROI" answers to 1 decimal place. Sales Division Alpha Bravo Charlie $ 325,000 Net operating income $52,000 $66,900 Average operating $ assets 364,000 Margin 8% % 15% Turnover 5.0 Return on investment % 40.0 % 30.0 % (ROI)
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