Calculate the sales margin, asset turnover, and ROA for the companies below: Average Capital Assets Company A B Net Income Sales 350,000 5,500,000 12,000,000 .06 845,000 9,350,000 13,500,000 Sales Margin 1 Asset Turnover 2.9 1.44 Note: Please write the sales Margin and ROI as a percentage or as a decimal rounded to two places behind the decimal point. ROI 6,500,000 4,150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the sales margin, asset turnover, and ROA for the companies below:
Average
Capital
Assets
Company
A
B
Net
Income
Sales
350,000 5,500,000 12,000,000 .06
845,000 9,350,000 13,500,000
Sales Margin
1
Asset Turnover
2.9
1.44
Note: Please write the sales Margin and ROI as a percentage or as a decimal rounded
to two places behind the decimal point.
ROI
6,500,000
4,150,000
Transcribed Image Text:Calculate the sales margin, asset turnover, and ROA for the companies below: Average Capital Assets Company A B Net Income Sales 350,000 5,500,000 12,000,000 .06 845,000 9,350,000 13,500,000 Sales Margin 1 Asset Turnover 2.9 1.44 Note: Please write the sales Margin and ROI as a percentage or as a decimal rounded to two places behind the decimal point. ROI 6,500,000 4,150,000
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