Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. margin, turnover, return on investment, a ge opera

Margin, Turnover, Return on investment, A ge Operating Assets Elway Company provided the following income...

50.1K

Verified Solution

Question

Accounting

image
Margin, Turnover, Return on investment, A ge Operating Assets Elway Company provided the following income statement for the last year: Sales $838,970.000 Less: Variable expenses 550.079.000 Contribution margin S 891,000 Less: Flowed expenses 193,261,000 Operating income $95.620,000 At the beginning of last year, Elway had $38,657,000 in operating assets. At the end of the year, Elway had $41,355,000 in operating assets. Required: 1. Compute average operating assets 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. Margin Turnover 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places 4. RO measures a company's ability to generate income relative to its Investment in greater the ROI, the more effidently the Check My Work Previous Next > Otae 9 D 4 do .25 NM/

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

Q

There are a range of accounting stereotypes relevant to the profession. These include appearance and personality stereotypes. Accountants...

Accounting
Q

the height in children aged 10-15 is assumed to follow a normal distribution with a mean...

Statistics
Q

During and after the commissioning and turn-over process, the design and construction team need to provide...

Civil Engineering
Q

The internal energy of wet steam is 2000KJ/kg. If the pressure is 1.18 MPa, what is the...

Mechanical Engineering
Q

A 440 VDC, 60hp, cumulative compound long shunt motor has an armature resistance of .1 Ohm,...

Electrical Engineering
Q

22 Amino acids are covalently joined to ribose on A75 via the A anticodon codon...

Biology
Q

Use the diagram of Leukocyte Emigrat questions A B D F

Biology
Q

Write an iterated integral of a continuous function f over the region R shown in...

Calculus
Q

Consider the function f x over the interval 2 2 e4x Does the extreme value...

Calculus
Q

Question 4 16 points Compound Interest Jackson deposited 5 000 at 3 8 interest rate...

Algebra
Q

Wilmington Company has two manufacturing departments-Assembly and Fabrication. It considers all of its...

Accounting
Q

Luthan Company uses a plantwide predetermined overhead rate of $22.40 per direct labor-hour. This predetermined...

Accounting