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FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in
Alaska. Data concerning the most recent year appear below:
Sales
$ 17,400,000
Net operating income
Average operating assets
2$
5,600,000
$ 36,600,000
Required:
1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.)
2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.)
3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to
2 decimal places.)
1. Margin
%
2. Turnover
3. ROI
%
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Transcribed Image Text:Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,400,000 Net operating income Average operating assets 2$ 5,600,000 $ 36,600,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to 2 decimal places.) 1. Margin % 2. Turnover 3. ROI % Prey 1 of 5 Next > e to search 耳 Desktop
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