07-09-2020
Business

contestada

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%

Respuesta :

Tundexi Tundexi

08-09-2020

Answer:

A. 8%

Explanation:

Profit margin = (Operating income / Revenue)

Profit margin = ($80,000 / $1,000,000)

Profit margin = 0.08

Profit margin = 8%

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