Firm C has net income of $140,000, turnover of 1.91, and ROI of 23.60%. Calculate the...

Firm C has net income of $140,000, turnover of 1.91, and ROI of 23.60%. Calculate the firm's margin, sales, and average total assets.

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Expert Solution

GIven information: Net income=140000 , turnover =1.91 , ROI=23.6%

1) Firms margin

= ROI/Turnover

= 23.06%/1.91

= 12.356%

2)Average total asset = Net income / ROI

= 140000/23.6% =593220.34

3) Sales= turnover * average total asset

= 1.91*593220.34 =1133050.85

ekkarill92 answered 2 years ago

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