Multiple Choice
Assume that Division X has generated sales revenue of $3,025,000 and achieved income from operations of $242,000 using $1,800,000 of invested assets.If management desires a minimum rate of return of 12%,the profit margin is
A) 59.5%.
B) 13.4%.
C) 12%.
D) 8%.
Correct Answer:
Verified
Correct Answer:
Verified
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