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  3. avocado company has an operating income of $154,71

Avocado Company has an operating income of $154,710 on revenues of $1,067,000. Average invested assets...

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Accounting

Avocado Company has an operating income of $154,710 on revenues of $1,067,000. Average invested assets are $573,000, and Avocado Company has an 8% cost of capital. What is the profit margin? (Round your answer to the nearest whole number.)

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