Question Content Area ROI and Margin Arbus Company provided the following information: Turnover 3.3 Operating assets $120,000 Operating income 6,040 Required: 1. What is ROI? (Round your answer to three decimals.) 2. What is margin? (Round your answer to two decimals.)

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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ROI and Margin

Arbus Company provided the following information:

Turnover 3.3
Operating assets $120,000
Operating income 6,040

Required:

1. What is ROI? (Round your answer to three decimals.)

2. What is margin? (Round your answer to two decimals.)

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