Question
The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year. Shareholders require a return of 7% Sales: $700,000
The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year.
Shareholders require a return of 7%
Sales: $700,000
Operating income: $175,000
Total Assets: $1,500.000
Current Liabilities: $600,000
What is the division’s Sales Margin?
a.25%
b.11.67%
c.40%
d.46.67%
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
