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NTO Designs Has a Margin of 7%, Turnover of 1

Question 31

Essay

NTO Designs has a margin of 7%, turnover of 1.2, and sales of $2,100,000.
Required:
Calculate NTO Designs' net income, average total assets, and return on investment (ROI).

Correct Answer:

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$2,100,000 sales × 7% margin = $147,000 ...

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