Condor Company Provided the Following Information for Last Year -Refer to the Figure

question 85

Multiple Choice

Condor Company provided the following information for last year:
$$\begin{array} { l l } \text { Operating income } & \$ 60,000 \\\text { Sales } & \$ 240,000 \\\text { Beginning operating assets } & \$ 440,000 \\\text { Ending operating assets } & \$ 450,000\end{array}$$
-Refer to the Figure.What was Condor's margin last year?

• A)0.10
• B)0.16
• C)0.25
• D)0.50

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Definitions:

Industrial Regulation

Governmental policies and regulations that control or direct economic activity, especially in specific sectors.

Sherman Act

A landmark federal statute passed in 1890 that prohibits monopolistic and restrictive trade practices, thus promoting competition in the marketplace.

Technical Information

Specialized knowledge, details, or data relevant to a specific field or operation, often related to technology, engineering, or scientific research.

Microsoft

A global technology corporation known for its software products, including the Windows operating systems and Office applications.