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Avocado Company has an operating income of $148,750 on revenues of $1,018,000. Average invested assets are $595,000, and Avocado Company has an 8% cost of

Avocado Company has an operating income of $148,750 on revenues of $1,018,000. Average invested assets are $595,000, and Avocado Company has an 8% cost of capital. What is the profit margin? (Round your answer to the nearest whole percent.)

Multiple Choice

  • 17%

  • 8%

  • 25%

  • 15%

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