Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was: Multiple Choice $144,000 $120,000 $80,000 $60,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The company's net operating income for the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You have $10,000 to invest. You want to purchase shares of Alaska Air at $42.56, Best Buy at $51.42, and Ford Motor at $8.56.
Answers (1)
Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15% of sales revenue to his sales staff.
Answers (1)
33. In the short run, open-market purchases a. increase investment and real GDP, and decrease nominal interest rates. b. increase real GDP and nominal interest rates, and decrease investment. c.
Answers (1)
Inflation is assumed to be a temporary problem that does not affect financial decisions. True or False
Answers (1)
A company's income statement showed the following: net income, $148,000 and depreciation expense, $37,200.
Answers (1)
New Questions in Business
An industry with oligopolistic competition faces falling profits and its sales growth is slow. Demand for individual brands has become quite elastic--as consumers see competing products as almost homogeneous. Several firms have dropped out.
Answers (1)
Ros Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.90 per unit of output.
Answers (1)
The process by which goods, services, or ideas are used and transformed into value is referred to as cost behavior analysis.
Answers (1)
Globalization increases the interdependency of the world's countries. Inflation in one country would most likely
Answers (1)
On July 9, Sheb Company sells goods on credit to Wooley Company for $5,000, terms 1/10, n/60. Sheb receives payment on July 18. The entry by Sheb on July 18 is: A. Cash 5,000 Accounts Receivable 5,000 B.
Answers (1)