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    Managerial Accounting
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    Exam 10: Performance Evaluation
  5. Question
    Fern Company Has a Target Rate of Return of 14
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Fern Company Has a Target Rate of Return of 14

Question 121

Question 121

Multiple Choice

Fern Company has a target rate of return of 14%, an ROI of 38%, and capital turnover of 2.5. The sales margin for Fern Company would be closest to


A) 6%.
B) 15%.
C) 95%.
D) 35%.

Correct Answer:

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