Firm M has a margin of 7%, turnover of 2.0, sales of $910,000, and average stock

Question

Firm M has a margin of 7%, turnover of 2.0, sales of $910,000, and average stockholders' equity of $490,000 Required Calculate Firm M's average total assets, net income, return on investment (ROI), and return on equity (ROE) Choose Numerator: Average Total Assets Choose Denominator Net income Turnover Average Total Assets 910,000 455,000 Net Income Choose Factors: Choose Factors: Net Income Sales Margin Net Income 910,000 63,700 Return on Investment Choose Numerator: Choose Denominator Return on Investment Net income Averagetotal assets Return on Investment 63,700S 455,000 14.0% Return on Equity Choose Numerator: Choose Denominator Return on Equity Average stockholders Net income Return on Equity 63,700S 490,000 13.0%

Explanation / Answer

Numerator Denominator Average total Assets Sales / Turnover = Average total Assets 910,000 / 2.0 = 455,000

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