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Use the following table, which provides historical data for Scoops Ahoy, a producer of Ice Cream, to answer the next four questions. Assume an operating

Use the following table, which provides historical data for Scoops Ahoy, a producer of Ice Cream, to
answer the next four questions. Assume an operating tax rate of 30 percent and a cost of capital of 9
percent.
What is Scoop Ahoy's after-tax operating margin in FY 2019?
a)13.4 percent.
b)16.8 percent.
c)24.0 percent.
d)35.3 percent.
What is Scoops Ahoy's capital turnover in year 2 using average invested capital?
a)2.1 x
b)2.0 x
c)1.5 x
d)0.5x
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