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Last year, Apex Innovations Ltd. had sales of $520,000, an asset turnover of 3.0, and a return on investment (ROI) of 75%. What was the company's net operating income for the year? a) $260,000 b) $390,000 c) $200,000 d) $130,000

Last year, Apex Innovations Ltd. had sales of $520,000, an asset turnover of 3.0, and a return on investment (ROI) of 75%. What was the company's net operating income for the year? a) $260,000 b) $390,000 c) $200,000 d) $130,000

Principles of Accounting Volume 2
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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What was the company's net operating income for the year on these financial accounting question?

Last year, Apex Innovations Ltd. had sales of $520,000, an asset turnover of 3.0, and a return on investment (ROI) of 75%. What was the company's net operating income for the year? a) $260,000 b) $390,000 c) $200,000 d) $130,000
Transcribed Image Text:Last year, Apex Innovations Ltd. had sales of $520,000, an asset turnover of 3.0, and a return on investment (ROI) of 75%. What was the company's net operating income for the year? a) $260,000 b) $390,000 c) $200,000 d) $130,000
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