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Avocado Company has net operating income of $ 1 3 3 , 4 4 0 on sales revenue of $ 1 , 0 2 9

Avocado Company has net operating income of $

133, 440

on sales revenue of $

1, 029, 000 .

Average invested assets are $

556, 000,

and Avocado Company has an

9 %

cost of capital. What is the profit margin?

Note: Round your answer to the nearest whole percent.

Multiple Choice

24 %

15 %

13 %

9 %

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