Xulu Company Had the Following Income Statement for Last Year

Essay

Xulu Company had the following income statement for last year: $\begin{array}{lc}\text { Sales } & \$ 400,000 \\\text { Less: Cost of goods sold } & 220,000 \\\text { Gross profit } & \$ 180,000 \\\text { Less: Selling and administrative expense } & 80,000 \\\text { Operating income } & \$ 100,000\end{array}$ Beginning assets were $575,000,and ending assets were $625,000.
(Carry computations out to three decimal places.) A. $\quad$ What are the average operating assets?
B. $\quad$ What is the margin?
C. $\quad$ What is the turnover?
D. $\quad$ What is the ROI?