Solved

United Machining's Margin Was 2% and Turnover Was 3

Question 19

Multiple Choice

United Machining's margin was 2% and turnover was 3.0 on sales of $60 million for the year.On the basis on this information:


A) net income for the year was $3,600,000, average assets were $20 million, and ROI was 2%.
B) net income for the year was $1,200,000, average assets were $10 million, and ROI was 2%.
C) net income for the year was $1,200,000, average assets were $20 million, and ROI was 6%.
D) net income for the year was $3,600,000, average assets were $10 million, and ROI was 6%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions