Problemavocado company has an operating income of 80000 on, Ask an Expert

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Problem:

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.

Required:

Question: What is the profit margin?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165726

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