Multiple Choice
Cabell Products is a division of a major corporation. Last year the division had total sales of $17,540,000, net operating income of $1,438,280, and average operating assets of $4,735,800. The company's minimum required rate of return is 13%.The division's margin is closest to:
A) 8.2%
B) 30.4%
C) 63.1%
D) 27.0%
Correct Answer:
Verified
Correct Answer:
Verified
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