During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000.A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.fill in the blank timesB. Assume sales margin is 6.8%, 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 % During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of$4,300,000 and average capital assets of $10,000,000.A. Based on this information, calculate asset turnover. If required, round your answer to twodecimal places.timesB. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. Ifrequired, round your answer to one decimal place.%

Asset Turnover Ratio = Net Sales/Average capital assets*100

Answered: A. Based on this information, calculate…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000.

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

fill in the blank times

B. Assume sales margin is 6.8%, 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 %

During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of
$4,300,000 and average capital assets of $10,000,000.
A. Based on this information, calculate asset turnover. If required, round your answer to two
decimal places.
times
B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If
required, round your answer to one decimal place.
%

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