Xulu Company Had the Following Income Statement for Last Year

Essay

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