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Assume the Residential Division of Kappy Faucets had the following results last year. Net sales revenue Operating income Average total assets Management's target rate of

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Assume the Residential Division of Kappy Faucets had the following results last year. Net sales revenue Operating income Average total assets Management's target rate of return $ 6,600,000 990,000 5,500,000 16% What is the division's profit margin ratio? ho A. 120% B. 15% C. 667% D. 18%

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