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    Managerial Accounting
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    Exam 10: Decentralized Performance Evaluation
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    Florida Inc
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Florida Inc

Question 15

Question 15

Multiple Choice

Florida Inc.has revenues of $1,500,000 resulting in an operating income of $105,000.Average invested assets total $750,000;the cost of capital is 10%.The profit margin is:


A) 7%
B) 14%
C) 2.00
D) 0.50

Correct Answer:

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