The Logan Company reported the following operating data for the past year:
$$\begin{array}{lr}
\text { Sales } & \$ 600,000 \
\text { Net operating income } & 30,000 \
\text { Total liabilities, December 31 } & 120,000 \
\text { Assets, January 1 } & 250,000 \
\text { Assets, December 31 } & 150,000
\end{array}$$
a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.

Question

The Logan Company reported the following operating data for the past year:
 $$\begin{array}{lr}
\text { Sales } & \$ 600,000 \
\text { Net operating income } & 30,000 \
\text { Total liabilities, December 31 } & 120,000 \
\text { Assets, January 1 } & 250,000 \
\text { Assets, December 31 } & 150,000
\end{array}$$ 
a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.

Quizplus · Accepted Answer

The Answer of The Logan Company reported the following operating data for the past year:
 $$\begin{array}{lr}
\text { Sales } & \$ 600,000 \
\text { Net operating income } & 30,000 \
\text { Total liabilities, December 31 } & 120,000 \
\text { Assets, January 1 } & 250,000 \
\text { Assets, December 31 } & 150,000
\end{array}$$ 
a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.

The Logan Company Reported the Following Operating Data for the Past