A firm's net income is $315,000 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%.
Correct Answer:
Verified
Q4: Return on equity:
A)will be the same as
Q8: Presented below are the comparative balance sheets
Q9: The return on investment measure of performance:
A)is
Q10: The return on investment measure of performance:
A)is
Q14: Financial statement ratios support informed judgments and
Q19: Another term for return on investment is:
A)Return
Q24: A current ratio of 6.0 is usually
Q29: If a firm borrowed money on a
Q30: For a firm that presently has a
Q31: Which of the following accounts is part
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