Last year, Falcon Electronics had sales of $600,000, a capital turnover of 3.0, and a return on investment of 40%. The company's net operating income for the year was: A. $80,000 B. $180,000 C. $120,000 D. $72,000 E. $200,000

Last year, Falcon Electronics had sales of $600,000, a capital turnover of 3.0, and a return on investment of 40%. The company's net operating income for the year was: A. $80,000 B. $180,000 C. $120,000 D. $72,000 E. $200,000

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 12P: Strickler Technology is considering changes in its working capital policies to improve its cash flow...

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Question

Can you solve this financial accounting problem with appropriate steps and explanations?

Last year, Falcon Electronics had sales of $600,000, a capital
turnover of 3.0, and a return on investment of 40%. The company's
net operating income for the year was:
A. $80,000
B. $180,000
C. $120,000
D. $72,000
E. $200,000

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