Last year a business had sales of $520,000, a turnover of 3.0, and a return on investment of 58%. 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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Last year a business had sales of $520,000, a turnover of 3.0, and a return on investment of 58%. What was the company's net operating income for the year?

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