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Chicks Corporation Had $1,100,000 in Invested Assets, Sales of $1,210,000

Question 176

Multiple Choice

Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $302,500, and a desired minimum rate of return of 15%. The profit margin for Chicks is:


A) 25%
B) 22%
C) 15%
D) 27.5%

Correct Answer:

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