Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 11

Calculate average total assets, net income, ROI, and ROE Firm M has a margin of 13%, turnover of 0.8, sales of $900,000, and average stockholders' equity of $360,000.
Required:
Calculate Firm M's average total assets, net income, return on investment (ROI), and return on equity (ROE).