Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333

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 the company had sales of
$500,000, a capital turnover of 2.4, and
a return on investment of 36%. The
company's net operating income for the
year was:
A. $75,000
B. $180,000
C. $80,000
D. $60,000
E. $208,333
Transcribed Image Text:Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333
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