During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of $5,040,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.5%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question B

During the current year, Sokowski Manufacturing earned
income of $327,600 from total sales of $5,040,000 and
average capital assets of $12,000,000.
A. Based on this information, calculate asset turnover. If
required, round your answer to two decimal places.
times
B. Assume sales margin is 6.5%, 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 $327,600 from total sales of $5,040,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. times B. Assume sales margin is 6.5%, 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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