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ROI of 12%. Sales for the year were $96 million and average

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ROI of 12%. Sales for the year were $96 million and average asset turnover was 2.4 Average owner equity was $32 million.
What is the margin?
what is the net income?
what was the return on equity %?

Submitted: 12 months ago.
Category: Single Problem
Expert:  Bizhelp replied 12 months ago.

Hi,

Thanks for the question.

Please click here for the solution.

Hope this helps!

Bizhelp, CPA
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Experience: BA degree and Certified Public Accountant
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