What is the profit margin, Accounting Basics

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What is the profit margin

Problem:

Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000 and Avocado Company has an 8% cost of capital.

Required:

Question: What is the profit margin?

Note: Please show how to work it out.

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Accounting Basics: What is the profit margin

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Accounting Basics: What is the profit margin

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