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frustelle frustelle
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A month ago
Gooding Custom Design generated $320,000 in operating income on sales revenue of $2,500,000. The company had $3,000,000 in assets on January 1 and $3,250,000 in assets on December 31.

Required:

a.Calculate Gooding's margin.
b.Calculate Gooding's asset turnover.
c.Calculate Gooding's return on investment.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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stephvelez1318stephvelez1318
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A month ago
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More solutions for this book are available here
a.$320,000  $2,500,000 = 12.8%
b.$2,500,000 ÷ [($3,000,000 + $3,250,000) ÷ 2] = 0.80 times
c.12.8% × 0.80 = 10.24%
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