Firm F has ROI of 12.6%, average total assets of $1,819,500, and turnover of 1.40. Calculate the firms sales, margin, and net income. Do not round intermediate calculations. Round margin answer to decimal place.
Firm F has ROI of 12.6%, average total assets of $1,819,500, and turnover of 1.40. Calculate the firms sales, margin, and net income. Do not round intermediate calculations. Round margin answer to decimal place.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3SEB
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![Firm F has ROI of 12.6%, average total
assets of $1,819,500, and turnover of
1.40. Calculate the firms sales,margin,
and net income. Do not round
intermediate calculations. Round
margin answer to decimal place.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2F63f2b557-b12e-4404-9445-cc86210546ea%2Fglpfsnuo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Firm F has ROI of 12.6%, average total
assets of $1,819,500, and turnover of
1.40. Calculate the firms sales,margin,
and net income. Do not round
intermediate calculations. Round
margin answer to decimal place.
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