A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank 1 times B. Assume sales margin is 6.3%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. fill in the blank 2%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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During the current year, Sokowski Manufacturing earned income of $347,760 from total sales of $5,520,000 and average capital assets of $12,000,000.

A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.

fill in the blank 1 times

B. Assume sales margin is 6.3%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.

fill in the blank 2%

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