Hello can someone help solve part 2. They are always marking them wrong. And I d

Question

Hello can someone help solve part 2. They are always marking them wrong. And I dont understand what they want for rounding rules.

Return on Investment, Margin, Turnover Data follow for the Construction Division of D. Jack Inc.: Year 1 Year 2 Sales Operating income Average operating assets $148,500,000 $162,250,000 7,706,875 425,906,250 9,355,500 388,125,000 If required, round your answers to two decimal places Required: 1. Compute the margin (as a percent) and turnover ratios for each year. Year 1 Year 2 Margin Turnover 0.38 0.38 V 2. Compute the ROI (as a percent) for the Construction Division for each year. While calculating ROI use the rounded values that are obtained from part 1. ROI year1 ROI year2 2.4 X % 1.8 X % Feedback

Explanation / Answer

2) Calculate ROI :

Year 1 Year 2 Margin 6% 5% Turnover 0.38 0.38 ROI (6%*.38) = 2.28% (5%*.38) = 1.9%

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