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Florida Inc. has revenues of $1,500,000 resulting in an operating income of $105,000. Average invested...

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Question

Accounting

Florida Inc. has revenues of $1,500,000 resulting in an operating income of $105,000. Average invested assets total $750,000; the cost of capital is 10%. The profit margin is

A. 7%

B. 14%

C. 2.00

D. 0.50

Please show your work on the calculations!

Answer & Explanation Solved by verified expert
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