Provide this question solution general accounting Blancher Corporation had $495,000 in invested assets,sales of $660,000, income from operations amountingto $99,000, and a desired minimum rate of return of15%. The profit margin for Stevenson is:a. 16%.b. 20%.C. 18%.d. 15%.

Step 1: Define Net IncomeThe net income is used to calculate the net profit margin and other…

Answered: Blancher Corporation had $495,000 in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Blancher Corporation had $495,000 in invested assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The profit margin for Stevenson is: a. 16%. b. 20%. C. 18%. d. 15%.