Quantum Technologies had operating income of $82,000, sales of $560,000, and invested assets of $320,000. Compute 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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Please provide the solution to this general accounting question using proper accounting principles.

Quantum Technologies had operating income of $82,000, sales of $560,000,
and invested assets of $320,000.
Compute Profit Margin
Transcribed Image Text:Quantum Technologies had operating income of $82,000, sales of $560,000, and invested assets of $320,000. Compute Profit Margin
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