Question
In: Accounting
Nickle Corporation has related the following financial information: 2017 2016 Sales 930,000 900,000 Net operating income...
Nickle Corporation has related the following financial information:
|
2017 |
2016 |
|
|
Sales |
930,000 |
900,000 |
|
Net operating income |
232,500 |
200,000 |
|
Operating assets |
300,000 |
320,000 |
Margin for 2017 is
You must enter your answer in the following format: xx%
Turnover for 2017 is
You must enter your answer in the following format: x.x
ROI for 2017 is
You must enter your answer in the following format: xx%
Solutions
Expert Solution
| 1) | ||||||||
| Margin for 2017 | 25% | |||||||
| Working: | ||||||||
| Margin for 2017 | = | Net Operating Income / Sales | ||||||
| = | $ 2,32,500 | / | $ 9,30,000 | |||||
| = | 25% | |||||||
| 2) | ||||||||
| Turnover for 2017 | 3.0 | |||||||
| Working: | ||||||||
| Average Operating Assets | = | (300000+320000)/2 | ||||||
| = | 3,10,000 | |||||||
| Turnover for 2017 | = | Sales / Average Operating assets | ||||||
| = | 9,30,000 | / | 3,10,000 | |||||
| = | 3.0 | |||||||
| 3) | ||||||||
| ROI | 75% | |||||||
| Woring: | ||||||||
| ROI | = | Net operating income / Average operating Assets | ||||||
| = | 2,32,500 | / | 3,10,000 | |||||
| = | 75% | |||||||
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