Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Margin, Turnover, Return on Investment
Pelak Company had sales of $25,000,000, expenses of $17,500,000, and average operating assets of $10,000,000.
Required:
Download Excel spreadsheet
1. Compute the operating income.
$
2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place.
Margin
Turnover
%
3. Compute the ROI as a percent.
%
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Transcribed Image Text:eBook Margin, Turnover, Return on Investment Pelak Company had sales of $25,000,000, expenses of $17,500,000, and average operating assets of $10,000,000. Required: Download Excel spreadsheet 1. Compute the operating income. $ 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin Turnover % 3. Compute the ROI as a percent. %
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Managerial Accounting: The Cornerstone of Busines...
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ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning