contestada

Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating assets 410,000 Ending operating assets 440,000 Calculate Atlas's margin for last year. (Note: Round your answer to two decimal places.) a.0.35 b.2.15 c.0.50 d.0.26 e.0.39

Respuesta :

Answer:

e.0.39

Explanation:

The computation of the atlas margin for the last year is given below:

atlas margin for last year is

= operating income ÷ sales

= $92,000 ÷ $235,000

= 0.39

hence the atlas margin for the last year is 0.39

Therefore the correct option is e

And, the above formula should be used for the same