Palm IncHas a Profit Margin of 15% and an Investment Turnover

question 94

Multiple Choice

Palm Inc.has a profit margin of 15% and an investment turnover of 2.Sales revenue is $800,000.What is the amount of average invested assets?

• A)$240,000
• B)$400,000
• C)$120,000
• D)$60,000

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Definitions:

Stalactite

A type of speleothem that hangs from the ceiling of limestone caves, formed by the deposition of minerals from dripping water.

Limestone Caves

Natural cavities formed within limestone rock due to the dissolution of carbonate minerals by water, known for their unique formations and speleothems.

Quartz Crystals

Hard, crystalline minerals made of silica (SiO2), used in various applications due to their piezoelectric properties.

Sinkholes

Depressions or holes in the ground caused by the collapse of a surface layer, occurring in areas where the rock below is limestone, carbonate rock, salt beds, or other rocks that can be dissolved by groundwater.