Fill in the blanks: (Round "Return on sales" and "Asset turnover" answers to 2 decimal places.) Division X Y Z Sales $950,000 $640,000 Operating income 95,000 256,000 Investment (assets) 380,000 2,700,000 Return on sales % % 0.60 % Asset turnover 1.00 Return on investment % 8.00 % %

Fill in the blanks: (Round "Return on sales" and "Asset turnover" answers to 2 decimal places.) Division X Y Z Sales $950,000 $640,000 Operating income 95,000 256,000 Investment (assets) 380,000 2,700,000 Return on sales % % 0.60 % Asset turnover 1.00 Return on investment % 8.00 % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Fill in the blanks: (Round "Return on sales" and "Asset turnover" answers to 2 decimal places.)

	Division
	X	Y	Z
Sales	$950,000		$640,000
Operating income	95,000		256,000
Investment (assets)	380,000				2,700,000
Return on sales		%		%	0.60	%
Asset turnover					1.00
Return on investment		%	8.00	%		%

Formula Formula ROI (%) = Net Income Principal Amount × 100

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