1
Sales $18,120,000
Net operating income $1,177,800
Average operating assets $4,450,000

What is Koovuq131's margin (closest to)?

1 Answer

2

Answer:

0.065

Explanation:

Koovuq131 has sales of $18,120,000

The net operating income is $1,177,800

The average operating assets is $4,450,000

Therefore the margin can be calculated as follows

= Net operating income/sales

= 1,177,800/18,120,000

= 0.065

Hence the margin is closest to 0.065

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Diana Glover V
15.5k 3 10 26
answered 10 months ago