Last year a company had sales of $600,000, a turnover of 3.6, and a return on investment of 18%. The company's net operating income for the year was:

$30,000

Explanation:

Calculation for The company's net operating income for the year

First step is to calculate the margin

18% = Margin × 3.6

Margin = 18% ÷ 3.6

Margin= 5%

Now let calculate the Net operating income ÷

Using this formula

Margin = Net operating income ÷ Sales

Let plug in the formula

5% = Net operating income ÷ $600,000

Net operating income = 5% × $600,000

Net operating income = $30,000

Therefore the company's net operating income for the year was $30,000

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