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A company has unit A whose 2019 income statement is as follows: sales 620000000 the cost of goods sold 310000000 gross profit 310000000 sales and administration costs 115000000 Operating profit 195000000 Questions At the beginning of the year, the operating asset value is IDR 250000000 and at the end of the year the operating asset value is IDR 330000000
A company has unit A whose 2019 income statement is as follows:
| sales | 620000000 |
| the cost of goods sold | 310000000 |
| gross profit | 310000000 |
| sales and administration costs | 115000000 |
| Operating profit | 195000000 |
Questions
At the beginning of the year, the operating asset value is IDR 250000000 and at the end of the year the operating asset value is IDR 330000000.
You as a financial manager are asked to calculate:
1). Average operating assets
2). Margins and turnover
3). Return on investment
Expert Solution
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