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    Turnover & Average total assets: solve missing amounts

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    Assist with Firm E and Firm F's Turnover and Average total assets. Can you explain how you got your answer?

    a. Firm E has net income of $67,000, sales of $1,300,000, and ROI of 15%. Calculate the firm's turnover and average total assets. (Round your "turnover" to 1 decimal place. (e.g., 32.1))

    Turnover:
    Average total assets:

    b. Firm F has ROI of 12.6%, average total assets of $1,693,600, and turnover of 1.7. Calculate the firm's net income, sales, and margin. (Round your margin value to 1 decimal place. (e.g., 32.1))

    Turnover:
    Average total sales:

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    https://brainmass.com/business/accounting/firm-e-firm-fs-turnover-average-total-assets-564090

    Solution Summary

    Yellow cells show amounts needed. Click in cells to see computation. Instructional notes are on the sheet for your review.

    $2.19