Calculate Novak return on investment

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Reference no: EM133025085

Question - Novak Design Works generated $387,200 in operating income on sales revenue of $2,420,000. The company had $1,500,000 in assets on January 1 and $2,900,000 in assets on December 31.

(a) Calculate Novak's margin.

(b) Calculate Novak's asset turnover.

(c) Calculate Novak's return on investment.

Reference no: EM133025085

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