Cabal Products is a division of a major corporation. Last year the division had
ID: 2458972 • Letter: C
Question
Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000, net operating income of $1,438,280, and average operating assets of $4,735,800. The company's minimum required rate of return is 13%.
8.2%
27.0%
63.1%
30.4%
Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000, net operating income of $1,438,280, and average operating assets of $4,735,800. The company's minimum required rate of return is 13%.
The division's margin is closest to: (Round your answer to 1 decimal place.)Explanation / Answer
Cabal Products Details Amt $ a Divisioanl Sales 17,540,000 b Division net operating income 1,438,280 c Division's Margin=b/a= 8.2% So Divison's Margin is 8.2%