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    Devon IncHas a Profit Margin of 12% and an Investment Turnover
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Devon IncHas a Profit Margin of 12% and an Investment Turnover

Question 46

Question 46

Multiple Choice

Devon Inc.has a profit margin of 12% and an investment turnover of 2.5.Sales revenue is $600,000.What is the operating income?


A) $180,000
B) $28,800
C) $72,000
D) $240,000

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