Top Posters
Since Sunday
18
13
7
r
6
u
5
5
V
4
b
4
r
4
o
4
d
4
n
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gslwong gslwong
wrote...
Go to Answer
Posts: 75
Rep: 0 0
4 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
Author:
Read 74 times
1 Reply
Replies
Answer verified by a subject expert
Ranim_SaleemRanim_Saleem
wrote...
#1
Posts: 73
Rep: 0 0
4 months ago
Sign in or Sign up in seconds to unlock everything for free
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%
1

Related Topics

gslwong Author
wrote...

4 months ago
Thanks for your help!!
bkrandy
wrote...

Yesterday
Thank you, thank you, thank you!
loki1345
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  344 People Browsing
 226 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 1360
  
 90
  
 88
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 9
Previous poll results: Where do you get your textbooks?