Hedding Inc. has two divisions: classic and modern. In the most recent year, the classic division reported sales of $900,000 and an asset turnover of 4.0. The rate of return on average invested assets was 16%.
Required: What was the classic division's margin?

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The Answer of Hedding Inc. has two divisions: classic and modern. In the most recent year, the classic division reported sales of $900,000 and an asset turnover of 4.0. The rate of return on average invested assets was 16%.
Required: What was the classic division's margin?