Financial and Managerial Accounting: P24-28 Daniels Consulting reported 2018 sales
Financial and Managerial Accounting P24-28 Using ROI and Ri to evaluate investment centers This problem continues the Daniels Consulting situation from Problem P23-36 of Chapter 23. Daniels Consulting reported 2018 sales of S3,200,000 and operating income of S185,600. Average total assets during 2018 were S640.000. Daniels's target rate of return is 17%.
Calculate Daniels's profit margin ratio, asset turnover ratio, ROI, and Rl for 2018.