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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068 Exercise 30
Step-by-step solution
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Step 1 of 5
a. ROI = Margin * Turnover
= (Net income / Net revenues) * (Net revenues / Average total assets)
= ($5,292 / $37,586) * ($37,586 / (($55,651 + $50,715) / 2))
= (14.1% Margin * 0.71 turnover) =10.0%
Step 2 of 5
Step 3 of 5
Step 4 of 5
Step 5 of 5
Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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