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 operating income for the year? net

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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I am looking for the most effective method for solving this financial accounting problem.

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
operating income for the year?
net
Transcribed Image Text: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 operating income for the year? net
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