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Calculate the average operating assets and turnover

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Reference no: EM132521185

Question - FTR Company had the following income statement for last year:

Sales $200,000

Less: COGS 100,000

Gross Profit $100,000

Less: Selling & Admin. Expense 40,000

Operating income $60,000

Beginning assets were $280,000, and ending assets were $300,000

Required - Calculate the following - show your calculations

a. Average operating assets

b. Margin

c. Turnover

d. Return on investment

Reference no: EM132521185

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