Margin and turnover are important concepts in understanding how a manager can affect ROI. Consider...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Margin and turnover are important concepts in understanding how a manager can affect ROI. Consider that the sales of the Omega Branch of the Reed Companys sales for the year 2012 totaled $150,000 and its return on investment (ROI) was 12%. If the Companys turnover was 3, then its margin (Net operating income) in terms of dollars for the year 2012 was what amount?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!