Last year a company had sales of $400,000, a turnover of 2.4, and a return on investment of 36%. The company's net operating income for the year was:
A) $144,000
B) $120,000
C) $80,000
D) $60,000
Correct Answer:
Verified
Q16: Operating assets include cash, accounts receivable, and
Q17: Wait time is considered non-value-added time.
Q18: Residual income should not be used to
Q19: Move time is considered value-added time.
Q20: Return on investment (ROI) equals margin multiplied
Q22: CS Company has a profit margin of
Q23: All other things being the same, which
Q24: Throughput time is the amount of time
Q25: All profit centers are responsibility centers, but
Q26: Throughput Time consists of:
A)Process Time.
B)Inspection Time and
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