Question 4

Question 4Pronghorn Design Works generated $315,840 in operating income on sales revenue of $2,632,000. The company had $1,860,000 in assets on January 1 and $2,840,000 in assets on December 31.A) ) Calculate Pronghorn’s margin. (Round answer to 0 decimal places, e.g. 65%.)Pronghorn’s marginenter Pronghorn’s margin in percentages rounded to 0 decimal places %(b) Calculate Pronghorn’s asset turnover. (Round answer to 2 decimal places, e.g. 0.65.)Pronghorn’s asset turnoverenter Pronghorn’s asset turnover in times rounded to 2 decimal places timesB) Calculate Pronghorn’s return on investment. (Round answer to 2 decimal places, e.g. 5.12%.)Pronghorn’s return on investmententer Pronghorn’s return on investment in percentages rounded to 2 decimal places %

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