Last year, Aqua Dynamics Inc. reported sales of $600,000, a capital turnover of 3.0, and a return on investment (ROI) of 40%. What was the company's net operating income for the year? (a) $200,000 (b) $240,000 (c) $80,000 (d) $180,000 (e) $160,000

Last year, Aqua Dynamics Inc. reported sales of $600,000, a capital turnover of 3.0, and a return on investment (ROI) of 40%. What was the company's net operating income for the year? (a) $200,000 (b) $240,000 (c) $80,000 (d) $180,000 (e) $160,000

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

What was the company's net operating income for the year on these general accounting question?

Last year, Aqua Dynamics Inc. reported sales of
$600,000, a capital turnover of 3.0, and a return on
investment (ROI) of 40%. What was the company's
net operating income for the year?
(a) $200,000
(b) $240,000
(c) $80,000
(d) $180,000
(e) $160,000

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