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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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Solution Summary

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

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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