Exam (elaborations)
ACCT 526 - Chap 11 Study Questions with Correct Answers
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Margin is sales divided by assets, and turnover is operating income divided by sales.False If a company has sales of $80,000, operating income of $5,000, and assets of $20,000, it's ROI is 25%.True ROI=Margin X turnover Margin=Operating Income/ Sales Turnover=Sales/ Assets Transfer price is th...
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