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

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Accounting

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

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