Question: Which one is the correct answer? Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) Management's

Which one is the correct answer?

Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) Management's target rate of return is 15% and the weighted average cost of capital is 10% Its effective tax rate is 35% Sales $10,000,000 Operating income 2,000,000 Total assets 2, 500000 Current liabilities 820 000 What is the division's sales margin? 32 80% 400 00% 2000% 80 00%

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