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?

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The Answer of 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?

Xulu Company Had the Following Income Statement for Last Year