Calculate Profit Margin, Asset Turnover and ROI Ratios for the following;
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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