I need this question answer general accounting Last year, Electric Autos had sales of $130 million and assets at thestart of the year of $210 million. If its return on start-of-year assetswas 15%, what was its operating profit margin?

Step 1: Define Operating ProfitOperating profit refers to the profit that is generated by a business…

Answered: Last year, Electric Autos 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 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Last year, Electric Autos had sales of $130 million and assets at the start of the year of $210 million. If its return on start-of-year assets was 15%, what was its operating profit margin?