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Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333

Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333
Transcribed Image Text:Last year the company had sales of $500,000, a capital turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: A. $75,000 B. $180,000 C. $80,000 D. $60,000 E. $208,333
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