Avocado Company has an operating income of $139,620 on revenues of $1,010,000. Average invested assets are $537,000, and Avocado Company has an 8% cost of capital. What is the profit margin? (Round your answer to the nearest whole number.)

Multiple Choice

a) 14%

b) 8%

c)18

d) 26%

Avocado Company has an operating income of $81,440 on revenues of $2,545,000. Average invested assets are $509,000 and Avocado Company has an 8% cost of capital. What is the investment turnover?

Multiple Choice

a) 6.25

b) 31.25

c)16.00

d) 5.00

Florida Inc. has revenues of $758,000 resulting in an operating income of $86,250. Average invested assets total $375,000; the cost of capital is 19%. Return on investment is:

Multiple Choice

A) $71,250

B) $48,750

C) 23.00%

D) 11.38%