Multiple Choice
Pendant Publishing reported the following results for its Textbook Division:
Pendant's target rate of return is 15% and the weighted average cost of capital is 10%.Its effective tax rate is 35%.
What is the Textbook Division's sales margin?
A) 200.00%
B) 20.00%
C) 40.00%
D) 45.45%
Correct Answer:
Verified
Correct Answer:
Verified
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