FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Alexander Inc. makes basketballs. The results for the year were as follows:

 

    Basketballs   

Sales

$450,000

Income

$72,000

Asset base

$300,000

Weighted average cost of capital

15%

Required:
Compute the following amounts for the company:
SHOW ALL CALCULATIONS. ROUND EACH NUMBER TO TWO (2) DECIMAL PLACES.

   
   
   
D. Turnover.
E. Margin.
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