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Calculate flounder return on investment

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Question - Flounder Design Works generated $519,750 in operating income on sales revenue of $2,887,500. The company had $2,610,000 in assets on January 1 and $2,890,000 in assets on December 31.

(a) Calculate Flounder's margin.

(b) Calculate Flounder's asset turnover.

(c) Calculate Flounder's return on investment.

Reference no: EM133129785

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