Margin, Turnover, Return on Investment Pelak Company had sales of $4,945,000, expenses of $4,566,000, and average operating assets of $3,690,000. Required: 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. %

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Margin, Turnover, Return on Investment
Pelak Company had sales of $4,945,000, expenses of $4,566,000, and average operating assets of $3,690,000.
Required:
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.
%
Transcribed Image Text:Margin, Turnover, Return on Investment Pelak Company had sales of $4,945,000, expenses of $4,566,000, and average operating assets of $3,690,000. Required: 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. %
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