FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Exercise 3-11 (Algo) ROI analysis using the DuPont model LO 3
Required:
a. Firm A has a margin of 13%, sales of $510,000, and ROI of 18%. Calculate the firm's average total assets.
b. Firm B has net income of $72,000, turnover of 1.50, and average total assets of $880,000. Calculate the firm's sales, margin,
and ROI.
c. Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.20%. Calculate the firm's margin, sales, and average total
assets.
O Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.20%. Calculate the firm's margin, sales, and average
total assets. (Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.)
Margin
12.1 O %
Sales
$ 1,119,655 X
Average total
assets
2$
586,207 X
Transcribed Image Text:Exercise 3-11 (Algo) ROI analysis using the DuPont model LO 3
Required:
a. Firm A has a margin of 13%, sales of $510,000, and ROI of 18%. Calculate the firm's average total assets.
b. Firm B has net income of $72,00o0, turnover of 1.50, and average total assets of $880,000. Calculate the firm's sales, margin,
and ROI.
c. Firm C has net income of $136,000, turnover of 1.91, and ROI of 23.20%. Calculate the firm's margin, sales, and average total
assets.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Firm A has a margin of 13%, sales of $510,000, and ROI of 18%. Calculate the firm's average total assets. (Round "Turnover"
to 1 decimal place.)
Average total assets
$ 368,333
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