A company named Blue Wave Tech had sales of $800,000, a turnover of 4.0, and a return on investment (ROI) of 50%. What was the company's net operating income for the year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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Financial Accounting

A company named Blue Wave Tech had sales of $800,000, a turnover
of 4.0, and a return on investment (ROI) of 50%.
What was the company's net operating income for the year?
Transcribed Image Text:A company named Blue Wave Tech had sales of $800,000, a turnover of 4.0, and a return on investment (ROI) of 50%. What was the company's net operating income for the year?
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ISBN:
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OpenStax
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OpenStax College