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Home Q & A Board Other Fields Homework Help Business Accounting
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ericayi ericayi
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A month ago
The Logan Company reported the following operating data for the past year:

Sales$600,000
Net operating income30,000
Total liabilities, December 31120,000
Assets, January 1250,000
Assets, December 31150,000

Required:

a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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jtarinayjtarinay
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A month ago
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More solutions for this book are available here
a.$30,000 ÷ $600,000 = 5%
b.$600,000 ÷ [($250,000 + $150,000) ÷ 2] = 3
c.5% × 3 = 15%
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ericayi Author
wrote...

A month ago
Good timing, thanks!
bahajo
wrote...

Yesterday
Correct Slight Smile TY
smi3
wrote...

2 hours ago
Thank you, thank you, thank you!
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