QUESTION 13 A firm has an ROI of 15%, turnover of 3, and sales of $12...

Question

Question

Answer 1

Answer #1

turnover = sales / total assets

3 = $12,000,000 / total assets

total assets = $12,000,000 / 3

total assets = $4,000,000

ROI = margin / total assets

15% = margin / $4,000,000

margin = $4,000,000 * 15%

margin = $600,000

hence, the correct answer is A) $600,000

Answer 2

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