Cabell Products is a division of a major corporation. Last year the division had total sales of
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Question:
Cabell Products is a division of a major corporation. Last year the division had total sales of $13,420,000, net operating income of $1,261,480, and average operating assets of $2,684,000. The company's minimum required rate of return is 15%.
The division's margin is closest to:
a. 9.4%
b. 47.0%
c. 62.7%
d. 20.0%
Related Book For
Statistics Data Analysis and Decision Modeling
ISBN: 978-0132744287
5th edition
Authors: James R. Evans
Posted Date: