One-Two-Tree Landscaping Services Has Net Income of $18,000, Sales of $300,000

question 3

Essay

One-Two-Tree Landscaping Services has net income of $18,000, sales of $300,000, and average total assets of $125,000.
Required:
Calculate One-Two-Tree's margin, turnover, and return on investment (ROI).

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Pine

A type of evergreen tree with needle-like leaves, known for its wood and resin.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law in sales and other commercial transactions across states.

Assignment

The conveyance of entitlements, properties, or liabilities from one party to a different one.