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During the current year, Sokowski Manufacturing earned income of $269,010 from total sales of $4,410,000 and average capital assets of $10,500,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.1%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %

During the current year, Sokowski Manufacturing earned income of $269,010 from total sales of $4,410,000 and average capital assets of $10,500,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.1%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the current year, Sokowski Manufacturing earned income of $269,010 from total sales of $4,410,000 and average capital assets of $10,500,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.1%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %
Transcribed Image Text:During the current year, Sokowski Manufacturing earned income of $269,010 from total sales of $4,410,000 and average capital assets of $10,500,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.1%, 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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