Mason Corporation had $650,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and

Question:

Mason had $650,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%.
The profit margin for Mason is:
a. 7.1%
b. 20%
c. 14.1%
d. 15.2%
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...