Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. duggar consulting, inc. reported 2015 sales of $3,

Duggar Consulting, Inc. reported 2015 sales of $3, 575,000 and operating income of $221, 650....

90.2K

Verified Solution

Question

Accounting

image

Duggar Consulting, Inc. reported 2015 sales of $3, 575,000 and operating income of $221, 650. Average total assets during 2015 were $550,000. Duggar's target rate of return is 14%. Calculate Duggar's profit margin ratio, asset turnover ratio, ROI, and Rl for 2015. Calculate Duggar's profit margin ratio, asset turnover ratio, ROI and Rl for 2015. First, compute the profit margin ratio for 2015. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. (Enter the profit margin as a percent rounded to one decimal place, X.X%.) Next, compute Duggar's asset turnover ratio for 2015. Begin by selecting the formula to calculate asset turnover ratio, and then enter the amounts to calculate the company's asset turnover ratio. (Round your answer to two decimal places.) Now, calculate Duggar's ROI for 2015. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate the company's ROI. (Enter the ROI as a percent rounded to one decimal place. X.X%.) Calculate Duggar's Rl for 2015. Begin by selecting the formula to calculate residual income (RI)

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