Carson Inc.
Carson Inc. had the following information available at the end of its current year:
$\begin{array}{lr}
\text { Sales } & \$ 2000000 \
\text { Net operating income } & 500000 \
\text { Average operating assets } & 1200000
\end{array}$

-What was Carson's margin for the year?
A) 2.4 per cent
B) 41.7 per cent
C) 25.0 per cent
D) 166.7 per cent

Question

Carson Inc.
Carson Inc. had the following information available at the end of its current year:
$\begin{array}{lr}
\text { Sales } & \$ 2000000 \
\text { Net operating income } & 500000 \
\text { Average operating assets } & 1200000
\end{array}$

-What was Carson's margin for the year?
A) 2.4 per cent
B) 41.7 per cent
C) 25.0 per cent
D) 166.7 per cent

Quizplus · Accepted Answer

The margin is calculated by finding the percentage difference between the winning candidate's vote share and the closest opponent's vote share. Therefore, to find Carson's margin, we need to calculate the percentage difference between Carson's vote share and the closest opponent's vote share. 
Margin = (Carson's vote share - closest opponent's vote share) / Carson's vote share * 100 
= (50 - 25) / 50 * 100 
= 25 
Therefore, Carson's margin for the year was 25%.