Question - Margin, Turnover, Return on Investment Pelak Company had sales of $4,887,000, expenses of $4,607,000, and average operating assets of $3,690,000.
Required:
If required, round your answers to nearest whole value.
1. Compute the operating income.
2. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place.
3. Compute the ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.