Ayayai Design Works generated $242,000 in operating income on sales revenue of $2,200,000. The company...

90.2K

Verified Solution

Question

Accounting

Ayayai Design Works generated $242,000 in operating income on sales revenue of $2,200,000. The company had $1,600,000 in assets on January 1 and $2,800,000 in assets on December 31.

Calculate Ayayais margin = __________%

Calculate Ayayais asset turnover = ___________ times

Calculate Ayayais return on investment =________%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students