Multiple Choice
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%.The division's margin is closest to:
A) 23.7%
B) 7.6%
C) 32.1%
D) 31.3%
Correct Answer:
Verified
Correct Answer:
Verified
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