The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year.

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Shareholders require a return of 7%

Sales: $700,000

Operating income: $175,000

Total Assets: $1,500.000

Current Liabilities: $600,000

What is the division’s Sales Margin?

a.25%

b.11.67%

c.40%

d.46.67%

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Introduction to Managerial Accounting

ISBN: 978-0078025792

7th edition

Authors: Peter Brewer, Ray Garrison, Eric Noreen

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Posted Date: Nov 25, 2018 11:28 PM

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The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year.

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a 25 Sales Mar... View the full answer

Introduction to Managerial Accounting

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