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The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. What is the profit margin? a. 5.2% b. 33.3% c. 16.0% d. 19.1%

The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. What is the profit margin? a. 5.2% b. 33.3% c. 16.0% d. 19.1%

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. What is the profit margin? a. 5.2% b. 33.3% c. 16.0% d. 19.1%
Transcribed Image Text:The International Boot Company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. What is the profit margin? a. 5.2% b. 33.3% c. 16.0% d. 19.1%
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