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Author Question: Logan Corporation reported the following operating data for the past year:Sales$400,000Net operating ... (Read 82 times)

petersan

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on: Feb 5, 2023

Question 1

The Logan Company reported the following operating data for the past year:

Sales$600,000
Net operating income30,000
Total liabilities, December 31120,000
Assets, January 1250,000
Assets, December 31150,000

Required:

a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.


Question 2

Logan Corporation reported the following operating data for the past year:

Sales$400,000
Net operating income20,000
Total liabilities, December 31130,000
Assets, January 1150,000
Assets, December 31170,000

Required:

a.Calculate Logan's margin.
b.Calculate Logan's asset turnover.
c.Calculate Logan's ROI.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by petersan on Feb 5, 2023

tharris7314

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Reply #1 on: Feb 5, 2023
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petersan

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Wow, this really help

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