Margin, Turnover, Return on Investment Pelak Company had sales of $4,887,000, expenses of $4,443,000, and average operating assets of $4,840,000. Required: If required, round your answers to nearest whole value. 1. Compute the operating income. 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin Turnover 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.
Margin, Turnover, Return on Investment Pelak Company had sales of $4,887,000, expenses of $4,443,000, and average operating assets of $4,840,000. Required: If required, round your answers to nearest whole value. 1. Compute the operating income. 2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place. Margin Turnover 3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter11: Performance Evaluation And Decentralization
Section: Chapter Questions
Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...
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