Rotablade's net income was $600,000 on sales of $24 million for the year. Average assets for the year were $8 million. For the year:Multiple Choicemargin was 4%, turnover was 2.0, and ROI was 8%.margin was 4%, turnover was 3.0, and ROI was 12%.margin was 2.5%, turnover was 2.0, and ROI was 5%.margin was 2.5%, turnover was 3.0, and ROI was 7.5%

Return on Investment: This percentage shows how much profit we have made by investing in how many…

Rotablade's net income was $600,000 on sales of $24 million for the year. Average assets for the year were $8 million. For the year: Multiple Choice margin was 4%, turnover was 2.0, and ROl was 8%. margin was 4%, turnover was 3.0, and ROI was 12%. margin was 2.5%, turnover was 2.0, and ROI was 5%. margin was 2.5%, turnover was 3.0, and ROI was 7.5%

Rotablade's net income was $600,000 on sales of $24 million for the year. Average assets for the year were $8 million. For the year: Multiple Choice margin was 4%, turnover was 2.0, and ROl was 8%. margin was 4%, turnover was 3.0, and ROI was 12%. margin was 2.5%, turnover was 2.0, and ROI was 5%. margin was 2.5%, turnover was 3.0, and ROI was 7.5%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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