Florida Inc. has revenues of $750,000 resulting in an operating income of $52,500. Average invested assets total

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Florida Inc. has revenues of $750,000 resulting in an operating income of $52,500. Average invested assets total $375,000; the cost of capital is 10%. Return on investment is

a) 7.00%

b) $37,500

c) $15,000

d) 14.00%

Palm Inc. has a profit margin of 17% and an investment turnover of 2. Sales revenue is $801,000. What is the operating income?

a) $68,085

b) $272,340

c) $400,500

d) $136,170

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Jan 07, 2021 02:29 PM

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Florida Inc. has revenues of $750,000 resulting in an operating income of $52,500. Average invested assets total

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Return on investment Therefore correct ... View the full answer

Intermediate Accounting

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