Dynex Company had the following income statement for last year: $\begin{array}{lr}
\text { Sales } & \$ 200,000 \
\text { Less: COGS } & 100,000 \
\text { Gross Profit } & \$ 100,000 \
\text { Less: Selling \& Admin. Expense } & 40,000\
\text { Operating income }& \$ 60,000
\end{array}$ Beginning assets were $280,000, and ending assets were $300,000
Required:
A. Average operating assets were $__________________.
B. Margin was __________________.
C. Turnover was __________________.
D. Return on investment was __________________%.

Question

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The Answer of Dynex Company had the following income statement for last year: $\begin{array}{lr}
\text { Sales } & \$ 200,000 \
\text { Less: COGS } & 100,000 \
\text { Gross Profit } & \$ 100,000 \
\text { Less: Selling \& Admin. Expense } & 40,000\
\text { Operating income }& \$ 60,000
\end{array}$ Beginning assets were $280,000, and ending assets were $300,000
Required:
A. Average operating assets were $__________________.
B. Margin was __________________.
C. Turnover was __________________.
D. Return on investment was __________________%.

Dynex Company Had the Following Income Statement for Last Year