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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 23
Margin, Turnover, Return on Investment
Pelak Company had sales of $25,000,000, expenses of $17,500,000, and average operating assets of $10,000,000.
Required:
Compute the (1) operating income, (2) margin and turnover ratios, and (3) ROI.
Pelak Company had sales of $25,000,000, expenses of $17,500,000, and average operating assets of $10,000,000.
Required:
Compute the (1) operating income, (2) margin and turnover ratios, and (3) ROI.
Explanation
Verified
Verified
(1)
The operating income of the company ...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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