Beall Industries is a division of a major corporation. Last year the division had total sales of $20,160,000, net operating income of $1,592,640, and average operating assets of $8,000,000.
-The division's margin is closest to:
A)39.7%
B)47.6%
C)7.9%
D)19.9%

Question

Quizplus · Accepted Answer

Margin= Net operating income F1F1F1S1F1F1F10 Sales
= $1,592,640 F1F1F1S1F1F1F10 $20,160,000 = 7.9%

Beall Industries Is a Division of a Major Corporation