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%

Question

Quizplus · Accepted Answer

Margin = Net operating income F1F1F1S1F1F1F10 Sales = $575,100 F1F1F1S1F1F1F10 $21,300,000 = 2.7%

Chace Products Is a Division of a Major Corporation