Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 18 Jan 2018 My Price 6.00

Seere Company

Seere Company provided the following income statement for last year.

 

Margin; Turnover;

Sales

$240,000

ROI; Average

Less: Variable expenses

  195,000

Operating Assets

Contribution margin

$ 45,000

LO3

Less: Fixed expenses

    37,800

 

Operating income

$  7,200

At the beginning of last year, Seere had $78,650 in operating assets. At the end of the year, Seere had $81,350 in operating assets.

 

Required

1.    Compute average operating assets.

2.    Compute the margin and turnover ratios for last year. Compute ROI.

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Jan 2018 11:01 PM My Price 6.00

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