Calculating average operating assets, margin, turnover, and return on investment east mullett manufacturing earned operating income last year as shown in the following income statement: sales $531,250 cost of goods sold 280,000 gross margin $251,250 selling and administrative expense 195,500 operating income $55,750 less: income taxes (@ 40%) 22,300 net income $33,450 at the beginning of the year, the value of operating assets was $390,000. at the end of the year, the value of operating assets was $460,000. required: for east mullett manufacturing, calculate the following: 1. average operating assets $ 2. margin (round to two decimal places) % 3. turnover (round to two decimal places) 4. return on investment (round to one decimal place)

1.  $425,000

2. 10.49%

3. 1.25

4. 13.11%

Explanation:

The computations are shown below:

1. For Average operating assets

=  (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= (390,000 + 460,000) ÷ 2

= $425,000

2. For margin:

= Net Operating Income ÷ Sales × 100

= $55,750 ÷ $531,250 × 100

= 10.49%

3. For turnover:

= Sales ÷ Average Operating Assets

= $531,250 ÷ $425,000

= 1.25

4. For return on investment:

= Net Operating Income ÷ Average Operating Assets

= $55,750 ÷ $425,000

= 13.11%

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.