Harstin Corporation has provided the following data for the past year:
Question 120
Question 120
Multiple Choice
Harstin Corporation has provided the following data for the past year: Sales Gross Margin Operating Income Shareholders’ Equity Average Operating Assets Residual Income $625,000$70,000$50,000$90,000$250,000$20,000 Harstin Corporation has provided the following data for the past year: Sales Gross Margin Operating Income Shareholders’ Equity Average Operating Assets Residual Income $625,000$70,000$50,000$90,000$250,000$20,000 -What was the margin for the past year?
A) 8.0%. B) 11.2%. C) 14.4%. D) 19.2%.
Correct Answer:
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