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?
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?
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Transcribed Image Text: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?
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