Question
Mason Corporation had $1,120,000 in invested assets, sales of $1,223,000, income from operations amounting to $232,000, and a desired minimum rate of return of 15%.
Mason Corporation had $1,120,000 in invested assets, sales of $1,223,000, income from operations amounting to $232,000, and a desired minimum rate of return of 15%.
Round the percentage to one decimal place.
The profit margin for Mason Corporation is:
A) 15.0%
B) 91.6%
C) 19.0%
D) 20.7%
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
