Answered: Summit Heights, Inc. has income from…

Summit Heights, Inc. has income from operations of $90,000, invested assets of $600,000, and sales of $1,200,000. What is the profit margin? (a) 7.5% (b) 15.0% (c) 50.0% (d) 10.0%

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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Question

What is the profit margin on these financial accounting question?

Summit Heights, Inc. has income from operations of $90,000, invested
assets of $600,000, and sales of $1,200,000. What is the profit margin?
(a) 7.5%
(b) 15.0%
(c) 50.0%
(d) 10.0%

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