Question: Dinning Corporation has two divisions In the most recent year

Dinning Corporation has two divisions. In the most recent year the Sintering Division reported sales of $150,000 and an asset turnover ratio of 3.0. The division’s controller reported to headquarters that the rate of return on average invested assets was 18.0 percent.

Required
Calculate the percentage of net income to sales (i.e., margin).


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  • CreatedMarch 11, 2015
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