Kurtz Logistics provides the following information: $$\begin{array} { | l | r | }
\hline \text { Operating income } & \$ 1,600,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 1,850,000 \
\hline \text { Management's target rate of return } & 20 \% \
\hline
\end{array}$$ What is the company's profit margin ratio?
A)13.7%
B)11.9%
C)86.5%
D)1.1%

Question

Kurtz Logistics provides the following information: $$\begin{array} { | l | r | } 
\hline \text { Operating income } & \$ 1,600,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 1,850,000 \
\hline \text { Management's target rate of return } & 20 \% \
\hline
\end{array}$$ What is the company's profit margin ratio?
A)13.7%
B)11.9%
C)86.5%
D)1.1%

Quizplus · Accepted Answer

The Answer of Kurtz Logistics provides the following information: $$\begin{array} { | l | r | } 
\hline \text { Operating income } & \$ 1,600,000 \
\hline \text { Net sales } & \$ 13,500,000 \
\hline \text { Average total assets } & \$ 1,850,000 \
\hline \text { Management's target rate of return } & 20 \% \
\hline
\end{array}$$ What is the company's profit margin ratio?
A)13.7%
B)11.9%
C)86.5%
D)1.1%

Kurtz Logistics Provides the Following Information What Is the Company's Profit Margin Ratio? A)13

Kurtz Logistics Provides the Following Information What Is the Company's Profit Margin Ratio?
A)13