The Lumber Division
the Lumber Division of Home Innovations Company

Multiple Choice

The Lumber Division
The Lumber Division of Home Innovations Company reported the following results for a recent year

$\begin{array}{ll}\text {Sales } & \$ 8,000,000 \\\text {Expenses } & 6,250,000\\\\text { Total assets(1/1) } & 5,000.000\\\text { Total assets(12/31) } & 5,400.000\end{array}$


Refer to the Lumber Division
What was the profit margin for the Lumber Division?

A) 68%
B) 35%
C) 32%
D) 22%