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:

Verified
Correct Answer:
Verified
Q14: ZeroFued's net income for the year was
Q15: Yellowday Energy's margin was 3% and turnover
Q16: Which of the following is a universally
Q17: Yellowday Energy's margin was 3% and turnover
Q18: When comparing entity financial ratios with industry
Q20: A current ratio of 6.0 is usually
Q21: Around Square, Inc.had an ROI of 12.5%,
Q22: Another term for return on investment is:<br>A)Return
Q23: Mechforce Manufacturing's net income was $420,000 on
Q24: Another term for return on equity is:<br>A)return