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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 49
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a.
![<div class=answer> <span class=bold>a.</span> 2011 ROI = ($192 / $3,050) * [$3,050 / (($3,090 + $2,811) / 2)] <span class=bold>= 6.3%</span>margin *<span class=bold>1.034</span>turnover =<span class=bold>6.5%</span> 2010 ROI = ($187 / $2,913) * [$2,913 / (($2,455 + $2,811) / 2)] =<span class=bold>6.4%</span> margin * <span class=bold>1.106</span> turnover = <span class=bold>7.1%</span>](https://d2lvgg3v3hfg70.cloudfront.net/SMCC1495/9e7603a2_8113_4631_892b_517528c94a8a_SMCC1495_11.jpg)
2011 ROI = ($192 / $3,050) * [$3,050 / (($3,090 + $2,811) / 2)]
= 6.3%margin *1.034turnover =6.5%
2010 ROI = ($187 / $2,913) * [$2,913 / (($2,455 + $2,811) / 2)]
=6.4% margin * 1.106 turnover = 7.1%
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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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