Question: This problem continues the Davis Consulting, Inc. situation from Problem P23- 36 of Chapter 23. Davis Consulting reported 2016 sales of $ 3,750,000 and operating

This problem continues the Davis Consulting, Inc. situation from Problem P23- 36 of Chapter 23. Davis Consulting reported 2016 sales of $ 3,750,000 and operating income of $ 210,000. Average total assets during 2016 were $ 600,000. Davis’s target rate of return is 14%.
Calculate Davis’s profit margin ratio, ratio, ROI, and RI for 2016.

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