Required: a. Firm A has a margin of 11%, sales of $590,000, and ROI of 18%. Calculate the firm's average total assets. b. Firm B has net income of $70,000, asset turnover of 1.50, and average total assets of $900,000. Calculate the firm's sales, margin, and ROL c. Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60% Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets. Note: Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations
Required: a. Firm A has a margin of 11%, sales of $590,000, and ROI of 18%. Calculate the firm's average total assets. b. Firm B has net income of $70,000, asset turnover of 1.50, and average total assets of $900,000. Calculate the firm's sales, margin, and ROL c. Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60% Calculate the firm's margin, sales, and average total assets. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets. Note: Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Transcribed Image Text:onces
Required:
a. Firm A has a margin of 11%, sales of $590,000, and ROI of 18%. Calculate the firm's average total assets.
b. Firm B has net income of $70,000, asset turnover of 1.50, and average total assets of $900,000. Calculate the firm's sales, margin,
and ROI.
c. Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60% Calculate the firm's margin, sales, and average total
assets.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Firm C has net income of $134,000, asset turnover of 1.91, and ROI of 23.60%. Calculate the firm's margin, sales, and i
average total assets.
Note: Round "Margin" answer to 1 decimal place and use the rounded answer for the subsequent computations.
Margin
Sales
Average total assets
12.4%
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