Xulu Company had the following income statement for last year:
Beginning assets were $575,000,and ending assets were $625,000.
(Carry computations out to three decimal places.)
$\begin{array}{lr}
\text { Sales } & \$ 400,000 \
\text { Less: Cost of goods sold } & 220,000\
\text { Gross profit } & \$ 180,000 \
\text { Less: Selling and administrative expense } & 80,000 \
\text { Operating income } & \$ 100,000
\end{array}$ A. What are the average operating assets?
B. What is the margin?
C. What is the turnover?
D. What is the ROI?

Question

Xulu Company had the following income statement for last year:
Beginning assets were $575,000,and ending assets were $625,000.
(Carry computations out to three decimal places.)
 $\begin{array}{lr}
\text { Sales } & \$ 400,000 \
\text { Less: Cost of goods sold } & 220,000\
\text { Gross profit } & \$ 180,000 \
\text { Less: Selling and administrative expense } & 80,000 \
\text { Operating income } & \$ 100,000
\end{array}$ A. What are the average operating assets?
B. What is the margin?
C. What is the turnover?
D. What is the ROI?

Quizplus · Accepted Answer

The Answer of Xulu Company had the following income statement for last year:
Beginning assets were $575,000,and ending assets were $625,000.
(Carry computations out to three decimal places.)
 $\begin{array}{lr}
\text { Sales } & \$ 400,000 \
\text { Less: Cost of goods sold } & 220,000\
\text { Gross profit } & \$ 180,000 \
\text { Less: Selling and administrative expense } & 80,000 \
\text { Operating income } & \$ 100,000
\end{array}$ A. What are the average operating assets?
B. What is the margin?
C. What is the turnover?
D. What is the ROI?

Xulu Company Had the Following Income Statement for Last Year