29 Jun Question Required: (a) Firm D has ne
Question
Required:
(a) Firm D has net income of $109,500, sales of $2,342,000, and average total assets of $1,407,000. Calculate the firm’s margin, turnover, and ROI. (Omit the “%” sign in your response.)
Margin %
Turnover
ROI %
(b) Firm E has net income of $162,000, sales of $2,620,000, and ROI of 13%. Calculate the firm’s turnover and average total assets. (Omit the “$” sign in your response.)
Turnover $
Average total assets
(c) Firm F has ROI of 12.6%, average total assets of $1,754,159, and turnover of 1.3. Calculate the firm’s sales, margin, and net income. (Round your answers to the nearest whole numbers. Omit the “$” and “%” signs in your response.)
Net income $
Sales $
Margin %
2. For the year ended December 31, 2010 ,Carpenter Associates, earned an ROI of 11%. Sales for the year were $17 million, and average asset turnover was 2.4. Average owners’ equity was $3.3 million.
Required:
(a)
Calculate Carpenter Associates’s margin and net income. (Round your margin percentage to 1 decimal place and use the same for the calculation of net income. Enter your answer in dollars, not millions of dollars. Omit the “$” and “%” signs in your response.)
Margin %
Net income $
(b) Calculate Carpenter Associates’s return on equity. (Round your answer to the nearest whole percent. Omit the “%” sign in your response.)
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