Solved: Calculate profit margin asset turnover and roi ratios for, Accounting Basics

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Calculate profit margin asset turnover and roi ratios for

Problem - Calculate Profit Margin, Asset Turnover and ROI Ratios for the following; In addition, according to this problem, how do you explain these ratios?

From the Firm's Balance Sheet:

Total Assets: March 31, 2013 364,720

Total Assets: March 31, 2014 402,654

From the Firm's Income Statement for Year Ended March 31, 2014:

Net sales 611,873

Net income 34, 910

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Accounting Basics: Calculate profit margin asset turnover and roi ratios for

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Accounting Basics: Calculate profit margin asset turnover and roi ratios for

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