Figure 5 The Following Results for the Year Are for the Candy

Multiple Choice

Figure 5
The following results for the year are for the Candy Division of Art Enterprises:
Average operating assets are £1,200,000. The firm's minimum required rate of return is 5 percent. The tax rate for the firm is 40 percent.
-Refer to Figure 5 The Profit margin for the Candy Division is

A) 5.0%
B) 23.1%
C) 31.7%
D) 52.8%