Mason Corporation had $650,000 in invested assets, sales of $700,000, operating income amounting to $99,000, and a desired minimum return on investment of 15%.   The profit margin for Mason Corporation is   a. 14.1%   b. 20%   c. 15.2%   d. 7.1%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
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  1. Mason Corporation had $650,000 in invested assets, sales of $700,000, operating income amounting to $99,000, and a desired minimum return on investment of 15%.

     


    The profit margin for Mason Corporation is
      a.
    14.1%
      b.
    20%
      c.
    15.2%
      d.
    7.1%
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