The company net operating income Last year a company had sales of$520,000, a turnover of 2.0, and a returnon investment of 50%.The company's net operating income forthe year was(A) $130,000(B) $260,000(C) $104,000(D) $156,000

Explanation of Net Operating Income (NOI):Net Operating Income represents a company's income from…

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 $400,000, average operating assets of $166,667, and a return on investment of 18%. What was the company's net operating income for the year? Group of answer choices $30,000 $42,000 $25,500 $60,000 $72,000
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Last year a company had sales of $520,000, a turnover of 2.0, and a return on investment of 50%. The company's net operating income for the year was (A) $130,000 (B) $260,000 (C) $104,000 (D) $156,000