A company's ROI is 12.6%. Average assets are $1,690, 100; and, turnover is 1.4. Find the net income.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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A company roi is 12.6% average assets are solved this question general accounting

A company's ROI is 12.6%. Average
assets are $1,690, 100; and, turnover is
1.4. Find the net income.
Transcribed Image Text:A company's ROI is 12.6%. Average assets are $1,690, 100; and, turnover is 1.4. Find the net income.
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