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Florida Inc. has revenues of $750,000 resulting in an operating income of $67,500. Average invested...

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Question

Accounting

Florida Inc. has revenues of $750,000 resulting in an operating income of $67,500. Average invested assets total $375,000; the cost of capital is 19%. The profit margin is

a) 9.00%

b) 2.00

c) 18.00%

d) 0.50

Avocado Company has an operating income of $118,360 on revenues of $1,001,000. Average invested assets are $538,000, and Avocado Company has an 8% cost of capital.

What is the return on investment?

a) 8%

b) 22%

c) 12%

d) 14%

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