Question
ABC Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,450,000 Net operating income $ 715,450
ABC Industries is a division of a major corporation. Data concerning the most recent year appears below:
| Sales | $ | 17,450,000 |
| Net operating income | $ | 715,450 |
| Average operating assets | $ | 5,020,000 |
The division's margin is closest to:
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Auditing and Assurance Services
Authors: Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau
7th edition
978-1259573286, 1259573281, 978-1260152166
