Please given answer Last year a company had sales of $460,000, aturnover of 2.5, and a return on investment of62.5%.The company's net operating income for the yearwas:$184,000$287,500$172,500$115,000

We have three key pieces of information about the company for last year:Sales: $460,000Turnover:…

Answered: Last year a company had sales of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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Last year a company had sales of $460,000, a turnover of 2.5, and a return on investment of 62.5%. The company's net operating income for the year was: $184,000 $287,500 $172,500 $115,000