Answer:
$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
