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Devon Inc. has a profit margin of 12% and an investment turnover of 2.5. Sales revenue is $600,00. What is the operating income? A) $180,000

Devon Inc. has a profit margin of 12% and an investment turnover of 2.5. Sales revenue is $600,00. What is the operating income?

A) $180,000

B) $28,800

C) $72,000

D) $240,000

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