During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of $3,990,000 and average capital assets of $10,500,000.A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.fill in the blank 1 timesB. Assume sales margin is 6.6%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.fill in the blank 2% During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of $3,990,000 and average capital assets of $10,500,000.A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.timesB. Assume sales margin is 6.6%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.%

Formulas: Asset turnover: =Sales / Average capital assets ROI: =Margin * Asset Turnover

Answered: During the current year, Sokowski…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of $3,990,000 and average capital assets of $10,500,000.

A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.

fill in the blank 1 times

B. Assume sales margin is 6.6%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.

fill in the blank 2%

During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of $3,990,000 and average capital assets of $10,500,000.
A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places.
times
B. Assume sales margin is 6.6%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place.
%

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