Calculate Net Income Given the Following Information: fiXed Asset Turnover

question 247

Multiple Choice

Calculate net income given the following information: fixed asset turnover = 4 times; profit margin = 20%; net fixed assets = $25,000.

• A) $16,000
• B) $18,000
• C) $20,000
• D) $22,000
• E) $24,000

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Definitions:

Ultrasonography

Ultrasonography is a diagnostic imaging technique that uses high-frequency sound waves to create visual images of organs, tissues, or blood flow inside the body.

Blood Vessels

The network of tubes in the body through which blood flows, including arteries, veins, and capillaries.

Thyroid

A gland located in the neck that produces hormones regulating metabolism, energy generation, and growth.

Immune System

The body's defense system against infectious organisms and other invaders.