Tundra Services Company, a division of a major oil company, provides various ser

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 18,000

Net operating income $5,400,000

  Average operating assets $36,000

Compute the margin for Tundra Services Company _____%

Compute the turnover for Tundra Services Company. ____(Round your answer to 1 decimal place)

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:

Explanation / Answer

Margin = Net Operating income / sales = 5400000/18000000 =30%

Turnover = sales / Average operating assets = 18000000/36000000 =50%

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