A firm's net income is $630,000 on sales of $63 million. Average assets for the period were $14 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
Q7: Another term for return on equity is:
A)return
Q7: An advantage of the DuPont model for
Q9: A firm has an ROI of 15%,
Q10: A firm's net income for the year
Q14: Financial statement ratios support informed judgments and
Q19: Another term for return on investment is:
A)Return
Q21: Which of the following is not usually
Q24: A current ratio of 6.0 is usually
Q30: For a firm that presently has a
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