Pigeon Forges' stakeholders require a 7% rate of return. The company currently has an ROI of 59.4% and a capital turnover of 3.6 What is Pigeon's sales margin?
213.8% |
||
25.2% |
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16.5% |
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1.9% |
ROI = Sales margin X Capital turnover |
Sales margin = ROI/Capital turnover |
Sales margin = 59.4%/3.6= 16.5% |
Option C 16.5% is correct |
Pigeon Forges' stakeholders require a 7% rate of return. The company currently has an ROI of...
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