Question: MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.- 12) The Top Hat Division of Blandon's Fine Menswear had

MULTIPLE CHOICE. Choose the one alternative that best completes the statement

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.- 12) The Top Hat Division of Blandon's Fine Menswear had the following results last year (in 12) thousands). Sales Operating income Total assets Current liabilities $4,600,000 $690,000 $2,000,000 $200,000 Management's target rate of return is 25% and the weighted average cost of capital is 14%. What is the Top Hat Division's sales margin? C) 34.50% D) 15.00% B) 4.35% A) 230.00%

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