Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected

Question

Joyner Pickled Pepper Company produces pickled jalapeno pepper relish. Selected results from the most current year were as follows: Sales revenue Operating income Average total assets 4,070,000 $3,703,700 518,518 n manager Veronica Joyner is investigating the purchase of a new brining station that will increase the plant's production capacity thinks the station would cost $162,000 and would increase sales revenue by $200,000 and operating profit by $28,000. v (a) Calculate Joyner's current margin, asset turnover, and return on investment. (Round answers to 2 decimal places, e.g. 52.75,) Current Margin Asset Turnover Return on Investment times LINK TO VIDEO LINK TO TEXT Attempts: 0 of 15 used SAVE

Explanation / Answer

a) Current Margin = Current Operating Income / Current sales Revenue
=> $518,518 / $3,703,700 = 0.14 or 14%

Asset Turnover = Sales Revenue / Average Total Assets
=>$3,703,700/ $4,070,000 = 0.91

Return on Investment = Net Income / Average Total Assets
=> $518,518/$4,070,000 = 0.1274 or 12.74%

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