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M Hasan
M Hasan, Teacher
Category: Homework
Satisfied Customers: 1849
Experience:  BA (Hons) in Mathematics from Oxford University
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A firms net income is $260,000 on sales of $31.5 million.

Customer Question

A firm's net income is $260,000 on sales of $31.5 million. Average assets for the period were $7 million. For the year:



a. Margin was 5%, turnover was 1.2, and ROI was 6%.

b. Margin was 6%, turnover was 1.5, and ROI was 6%.

c. Margin was 4%, turnover was 1.2, and ROI was 4.8%.

d. Margin was 1%, turnover was 4.5, and ROI was 4.5%.
Submitted: 4 years ago.
Category: Homework
Expert:  M Hasan replied 4 years ago.
Hi there!

The correct answer is:


d. Margin was 1%, turnover was 4.5, and ROI was 4.5%.

Hope this helps. If so, please click 'Accept'. Thanks! :)
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Customer: replied 4 years ago.
Can you tell me how you arrived to that? Thanks
Expert:  M Hasan replied 4 years ago.
THIS ANSWER IS LOCKED!

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