For the past year, Allargando Company recorded sales of $496,800 and average operating assets of $276,000....
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For the past year, Allargando Company recorded sales of $496,800 and average operating assets of $276,000. What is the margin that Allargando Company needed to earn in order to achieve an ROI of 12.6%? |
7.94%
1.8%
7%
12.6%
Homework Answers
ROI=net operating income/average operating assets
net operating income=276,000*12.6%=34776
Margin=net operating income/Sales
=34776/496,800
=7%
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For the past year, Allargando Company recorded sales of $496,800
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