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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Sales $14,000,000 Operating income 5,600,000 Total

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Sales $14,000,000 Operating income 5,600,000 Total assets 4,000,000 Current liabilities 750,000 Management's target rate of retum is 15%. What is the division's sales margin? 40.00% 18.75% 350.00% 140.00%

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