Montclair Industries had $720,000 in invested assets, sales of $810,000, income from operations amounting to $113,400, and a desired rate of return of 16%. What is the profit margin?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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What is the profit margin?

Montclair Industries had $720,000 in
invested assets, sales of $810,000,
income from operations amounting to
$113,400, and a desired rate of
return of 16%. What is the profit
margin?
Transcribed Image Text:Montclair Industries had $720,000 in invested assets, sales of $810,000, income from operations amounting to $113,400, and a desired rate of return of 16%. What is the profit margin?
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