Question - Tundra Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below:
Sales - $18,300,000
Net operating income - $5,300,000
Average operating assets - $35,200,000
Required:
1. Compute the margin for Tundra Services Company.
2. Compute the turnover for Tundra Services Company.
3. Compute the return on investment (ROI) for Tundra Services Company.