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Can someone teach me how to solve this type of problem? I understand operating income and sales margin, but not capital turnover... Thank you in
Can someone teach me how to solve this type of problem? I understand operating income and sales margin, but not capital turnover... Thank you in advance!
Golden Corporation has operating income of $336,000, a sales margin of 16%, and capital turnover of 3.0. The return on investment (ROI) for Golden Corporation may be closest to:
A. 2%
B. 5% (known to be incorrect)
C. 48%
D. 160%
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