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Pendant Publishing Reported the Following Results for Its Textbook Division

Question 47

Multiple Choice

Pendant Publishing reported the following results for its Textbook Division: Pendant Publishing reported the following results for its Textbook Division: Pendant's target rate of return is 11% and the weighted average cost of capital is 6%. Its effective tax rate is 45%. What is the Textbook Division's sales margin? A) 200.00% B) 20.00% C) 40.00% D) 28.18% Pendant's target rate of return is 11% and the weighted average cost of capital is 6%. Its effective tax rate is 45%.
What is the Textbook Division's sales margin?


A) 200.00%
B) 20.00%
C) 40.00%
D) 28.18%

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