Question: Please provide the correct answer to this general accounting problem using valid calculations. Last year, Aqua Dynamics Inc. reported sales of $600,000, a capital turnover

Please provide the correct answer to this general accounting problem using valid calculations.

Last year, Aqua Dynamics Inc. reported sales of $600,000, a capital turnover of 3.0, and a return on investment (ROI) of 40%. What was the company's net operating income for the year? (a) $200,000 (b) $240,000 (c) $80,000 (d) $180,000 (e) $160,000

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