Jenkis Technologies Inc. recorded the following operating data for the past year: Category Sales Net Operating Income Average Operating Assets Stockholders' Equity Residual Income Amount ($) $750,000 $90,000 $350,000 $280,000 $45,000 What was the margin for the past year?
Jenkis Technologies Inc. recorded the following operating data for the past year: Category Sales Net Operating Income Average Operating Assets Stockholders' Equity Residual Income Amount ($) $750,000 $90,000 $350,000 $280,000 $45,000 What was the margin for the past year?
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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What was the margin for the past year of this financial accounting question?

Transcribed Image Text:Jenkis Technologies Inc. recorded the following operating data for
the past year:
Category
Sales
Net Operating Income
Average Operating Assets
Stockholders' Equity
Residual Income
Amount ($)
$750,000
$90,000
$350,000
$280,000
$45,000
What was the margin for the past year?
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