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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 30% and the weighted average cost of capital is 20%. Its effective tax rate is 35%. Sales Operating income Total assets Current liabilities $8,000,000 1,200,000 4,000,000 790,000 What is the division's sales margin? O A. 15.00% O B. 200.00% O C. 19.75% OD. 30.00%

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