Multiple Choice
Avocado Company has an operating income of $80,000 on revenues of $1,000,000.Average invested assets are $500,000 and Avocado Company has an 8% cost of capital.What is the profit margin?
A) 8%
B) 10%
C) 16%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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