The following information is available for the Denison Company: $$\begin{array} { l l }
\text { Sales } & \$ 3,000,000 \
\text { Invested capital } & 500,000 \
\text { ROI } & 15 \%
\end{array}$$ Compute:
a. capital turnover
b. net income
c. return on sales

Question

The following information is available for the Denison Company: $$\begin{array} { l l } 
\text { Sales } & \$ 3,000,000 \
\text { Invested capital } & 500,000 \
\text { ROI } & 15 \%
\end{array}$$ Compute:
a. capital turnover
b. net income
c. return on sales

Quizplus · Accepted Answer

The Answer of The following information is available for the Denison Company: $$\begin{array} { l l } 
\text { Sales } & \$ 3,000,000 \
\text { Invested capital } & 500,000 \
\text { ROI } & 15 \%
\end{array}$$ Compute:
a. capital turnover
b. net income
c. return on sales

The Following Information Is Available for the Denison Company Sales $3,000,000 Invested capital 500,000 ROI 15%\begin{array} { l l } \text { Sales } & \$ 3,000,000 \\\text { Invested capital } & 500,000 \\\text { ROI } & 15 \%\end{array} Sales Invested capital ROI ​$3,000,000500,00015%​

The Following Information Is Available for the Denison Company $\begin{array} { l l } \text { Sales } & \$ 3,000,000 \\\text { Invested capital } & 500,000 \\\text { ROI } & 15 \%\end{array}$