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gslwong gslwong
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7 months ago
Logan Corporation reported the following operating data for the past year:

Sales$400,000
Net operating income20,000
Total liabilities, December 31130,000
Assets, January 1150,000
Assets, December 31170,000

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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Ranim_SaleemRanim_Saleem
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7 months ago
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More solutions for this book are available here
a.$20,000 ÷ $400,000 = 5%
b.$400,000 ÷ [($150,000 + $170,000) ÷ 2] = 2.5
c.5% × 2.5 = 12.5%
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