Operating incom e Sales Beginning operating assets Ending operating assets 564,0

Question

Operating incom e Sales Beginning operating assets Ending operating assets 564,000 200,000 $387,000 $413,000 Bobick's margin for last year was Oa. 2.0 Ob. 0.5 Oc. o.1 Od. 0.16 Oe. 0.32 24. MULTIPLE CHOICE 11-53 Bobick Company provided the following information for last year Operating income Sales Beginning operating assets Ending operating assets $64,000 $200,000 $387,000 $413,000 Bobick's turnover ratio for last year was Oa. 0.5 Ob. 0.16 ??. 2.0 0.1 Oe. 0.32 25. MULTIPLE CHOICE 11-54 Bobick Company provided the following information for last year Operating income Sales Beginning operating assets Ending operating assets 564,000 200,000 $387,000 $413,000 Bobick's return on investment for last year was Oa. 0.5 Ob. 0.16 Oc. 2.0 Od. 0.32 Oe. 0.1

Explanation / Answer

23 Margin for last year=64000/200000= 0.32 24 Average operating assets=(387000+413000)/2= $400000 Turnover ratio = 200000/400000 = 0.5 25 Return on investment = 64000/400000= 0.16

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