J has net income or les of $9: and average total assets of $4

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...
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Firm J has net Income of $81,700, sales of $950,000, and average total assets of $475,000.
Required:
Calculate Firm J's margin, turnover, and return on Investment (ROI).
Margin
Choose Numerator: /Choose Denominator:
Choose Numerator:
Choose Numerator:
Net income
1
Turnover
/Choose Denominator:
Return on Investment
/Choose Denominator:
/Average total assets
1
=
=
=
Margin
Margin
Turnover
Turnover
0
0
Return on Investment
Return on Investment
0
Transcribed Image Text:Firm J has net Income of $81,700, sales of $950,000, and average total assets of $475,000. Required: Calculate Firm J's margin, turnover, and return on Investment (ROI). Margin Choose Numerator: /Choose Denominator: Choose Numerator: Choose Numerator: Net income 1 Turnover /Choose Denominator: Return on Investment /Choose Denominator: /Average total assets 1 = = = Margin Margin Turnover Turnover 0 0 Return on Investment Return on Investment 0
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