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One-Two-Tree Landscaping Services Has Net Income of $18,000, Sales of $300,000

Question 28

Essay

One-Two-Tree Landscaping Services has net income of $18,000, sales of $300,000, and average total assets of $125,000.
Required:
Calculate One-Two-Tree's margin, turnover, and return on investment (ROI).

Correct Answer:

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$18,000 net income / $300,000 sales = 6%...

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