Helton Corporation's balance sheet indicates that the company has $200,000 invested in operating assets. During 2014, Helton earned an operating income of $53,000 on $360,000 of sales. a. Compute Helton's profit margin for 2014. b. Compute Helton's turnover for 2014. c. Compute Helton's return on investment for 2014.
Helton Corporation's balance sheet indicates that the company has $200,000 invested in operating assets. During 2014, Helton earned an operating income of $53,000 on $360,000 of sales. a. Compute Helton's profit margin for 2014. b. Compute Helton's turnover for 2014. c. Compute Helton's return on investment for 2014.
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Helton Corporation's balance sheet indicates that the
company has $200,000 invested in operating assets. During
2014, Helton earned an operating income of $53,000 on
$360,000 of sales.
a. Compute Helton's profit margin for 2014.
b. Compute Helton's turnover for 2014.
c. Compute Helton's return on investment for 2014.
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