Knight Enterprises has a net income of $85,000, sales of $1,500,000, and a Return on Investment (ROI) of 20%. Find the turnover and average total assets.
Knight Enterprises has a net income of $85,000, sales of $1,500,000, and a Return on Investment (ROI) of 20%. Find the turnover and average total assets.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
Related questions
Question
Find the turnover and average total assets?

Transcribed Image Text:Knight Enterprises has a net income
of $85,000, sales of $1,500,000,
and a Return on Investment (ROI)
of 20%.
Find the turnover and average total
assets.
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