During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000.A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.fill in the blank timesB. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.fill in the blank % During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of$4,300,000 and average capital assets of $10,000,000.A. Based on this information, calculate asset turnover. If required, round your answer to twodecimal places.timesB. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. Ifrequired, round your answer to one decimal place.%

Asset Turnover Ratio = Net Sales/Average capital assets*100

A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank times B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.

A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank times B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Question

During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000.

A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.

fill in the blank times

B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.

fill in the blank %

During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of
$4,300,000 and average capital assets of $10,000,000.
A. Based on this information, calculate asset turnover. If required, round your answer to two
decimal places.
times
B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If
required, round your answer to one decimal place.
%

Formula Formula ROI (%) = Net Income Principal Amount × 100

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