Solution-Find what the return on investment would be

Find what the return on investment would be

Reference no: EM132738930

Problem 1: If the North Division of Alliance Products Company had an operating asset turnover of 4.2 and an operating income margin of 0.10, the return on investment would be

A. 23.8% C. 42.0%

B. 420.0% D. 4.2%

Problem 2: Selected data from Sheridan Corporation's year-end financial statements are presented below. The difference between average and ending inventory is immaterial.

Current ratio 2.0

Quick ratio 1.5

Current liabilities P120,000

Inventory turnover (based on cost of sales) 8 times

Gross profit margin 40%

Sheridan's net sales for the year were

A. P800,000 C. P1,200,000

B. P480,000 D. P672,000

Reference no: EM132738930

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Find what the return on investment would be

Reference no: EM132738930

Reference no: EM132738930

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