Pelak company had sales of 4945000 expenses of 4607000


Question - Pelak Company had sales of $4,945,000, expenses of $4,607,000, and average operating assets of $3,000,000.

Required:

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.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Pelak company had sales of 4945000 expenses of 4607000
Reference No:- TGS02756180

Now Priced at $25 (50% Discount)

Recommended (98%)

Rated (4.3/5)