Nakamura Company provided the following income statement for the last year: Line Item...
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Accounting
Nakamura Company provided the following income statement for the last year:
| Line Item Description | Amount |
|---|---|
| Sales | $853,600,000 |
| Less: Variable expenses | 555,325,000 |
| Contribution margin | $298,275,000 |
| Less: Fixed expenses | 197,622,000 |
| Operating income | $100,653,000 |
At the beginning of last year, the company had $38,638,000 in operating assets. At the end of the year, the company had $41,354,000 in operating assets.
Required:
1. Compute average operating assets. fill in the blank 1 of 1$
2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places. Margin fill in the blank 1 of 2 % Turnover fill in the blank 2 of 2
3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. fill in the blank 1 of 1 %
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