Multiple Choice
Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The division's margin is closest to:
A) 26.2%
B) 23.5%
C) 2.7%
D) 11.5%
Correct Answer:
Verified
Correct Answer:
Verified
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