Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating income of $67,280 on $1,160,000 of sales.   Required   Compute Gibson’s profit margin for 2018. Compute Gibson’s turnover for 2018. Compute Gibson’s return on investment for 2018.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter16: Working Capital Policy And Short-term Financing
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Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating income of $67,280 on $1,160,000 of sales.

 

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Compute Gibson’s profit margin for 2018.

Compute Gibson’s turnover for 2018.

Compute Gibson’s return on investment for 2018.

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