Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Largo Company needed to earn in order to achieve an ROl of 28.8%? Multiple Cholce 18.00% 28.80% 1.60% 3.47%

Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Largo Company needed to earn in order to achieve an ROl of 28.8%? Multiple Cholce 18.00% 28.80% 1.60% 3.47%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Largo Company needed to earn
in order to achieve an ROl of 28.8%?
Multiple Cholce
18.00%
28.80%
1.60%
3.47%

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