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3 years ago

Yellowday Energy’s margin was 3% and turnover was 4.0 on sales of $50 million for the year. ROI for the year was:______

Business

1 answer:

Firlakuza [10]3 years ago

4 0

Answer:c. 12.0%

Explanation:Return on Investment (ROI) is a measure used by firms in order to determine how effective an investment is in terms of gains from its proceeds when compared to the amount invested .

Given

Yellowday Energy margin as 3%

turnover= 4.0 and sales as $50million,

we can calculate the ROI,Return on Investment , as the Profit margin multiplied by turnover

ROI = Profit Margin x Turnover

= 3% x 4.0

= 0.03 x 4.0

=0.12

0.12 x 100

= 12.0%

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3 years ago

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Zielflug [23.3K]

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3 years ago

A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equit

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The net income of the firm is $1,200

<h3>What is net income?</h3>

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

Net profit is also amount of money a business earns after deducting all operating, interest, and tax expenses over a given period of time.

First, we know that:

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Fixing the given values, we'll have

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Therefore, net income of the firm is $1,200

Learn more about computation of net income here: brainly.com/question/24836146

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2 years ago

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