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

Question

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

Quizplus · Accepted Answer

The Answer of Dynex Company had the following income statement for last year:
Beginning assets were $280,000,and ending assets were $300,000
 $\begin{array}{lr}
\text { Sales } & \$ 200,000 \
\text { Less: COGS } & 100,000\
\text { Gross Frofit } & \$ 100,000 \
\text { Less: Selling \& Admin. Expense } & 40,000 \
\text { Operating income } & \$ 60,000
\end{array}$ 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