Last year a company had sales of $310,000, a turnover of 2.7, and a return on investment of 35.1%. The company's net operating income for the year was: Multiple Choice $68,510 $114,815 $40,300 $108,810

Last year a company had sales of $310,000, a turnover of 2.7, and a return on investment of 35.1%. The company's net operating income for the year was: Multiple Choice $68,510 $114,815 $40,300 $108,810

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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Question

Last year a company had sales of $310,000, a turnover of 2.7, and a return on investment of 35.1%. The company's net operating income for the year was:

Multiple Choice

$68,510
$114,815
$40,300
$108,810

Formula Formula ROI (%) = Net Income Principal Amount × 100

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