Solved

Mechforce Manufacturing's Net Income Was $420,000 on Sales of $14

Question 23

Multiple Choice

Mechforce Manufacturing's net income was $420,000 on sales of $14 million.Average assets for the year were $10 million.Turnover for the year was:

A) 1.4
B) 1.8
C) 3.0%
D) 4.2%

Related Questions

Q18: When comparing entity financial ratios with industry

Q19: United Machining's margin was 2% and turnover

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

Q24: Another term for return on equity is:<br>A)return

Q25: If a firm borrowed money on a

Q26: 2R Designs has accounts receivable of $4,100,

Q27: Compoform's net income for the year was

Q28: The return on investment measure of performance:<br>A)is