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Florida Inc. has revenues of $1,500,000 resulting in an operating income of $105,000. Average invested assets total $750,000; the cost of capital is 10%. The
Florida Inc. has revenues of $1,500,000 resulting in an operating income of $105,000. Average invested assets total $750,000; the cost of capital is 10%. The profit margin is
A. 7%
B. 14%
C. 2.00
D. 0.50
Please show your work on the calculations!
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