Dynex Company Had the Following Income Statement for Last Year

question 25

Essay

Dynex Company had the following income statement for last year: $\begin{array}{lr}\text { Sales } & \$ 200,000 \\\text { Less: COGS } & 100.000\\\text { Gross Frofit } & \$ 100,000 \\\text { Less: Selling \& Admin. Expense } & 40,000 \\\text { Operating income } & \$ 60,000\end{array}$ Beginning assets were $280,000,and ending assets were $300,000 A. Average operating assets were $\$\_\_\_\_$ .
B. Margin was_____
C. Turnover was_____
D. Return on investment was $\_\_\_\_\%$

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