Firm J has net Income of $81,700, sales of $950,000, and average total assets of $475,000.Required:Calculate Firm J's margin, turnover, and return on Investment (ROI).MarginChoose Numerator: /Choose Denominator:Choose Numerator:Choose Numerator:Net income1Turnover/Choose Denominator:Return on Investment/Choose Denominator:/Average total assets1===MarginMarginTurnoverTurnover00Return on InvestmentReturn on Investment0

margin = net income / sales*100 margin= $81,700/$950,000*100 =8.6%

Answered: J has net income or les of $9: and…

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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J has net income or les of $9: and average total assets of $4