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Problem 3.21
LO 3
Applications of
Required:
a. Calculate net income, margin, and sales required for Manyops, Inc., to achieve its target ROI as a manufacturing firm.
b. Assume that the average margin of maintenance service firms is 2.5%, and that the average ROI for such firms is also 1896. Calculate the net income, sales, and total asset turnover that Manyops, Inc., will have if the change to services is made and the firm is able to earn an average margin and achieve an 1896 ROI.
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Chapter 3 Solutions
Accounting: What the Numbers Mean
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