Assume the Residential Division of Kitridge Kitridge Faucets had the following results lastyear: Net sales $3,060,000 Operating

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Assume the Residential Division of Kitridge

Kitridge Faucets had the following results lastyear:

Net sales $3,060,000

Operating income 765,000

Average total assets 5,100,000

Management's target rate of return 18%

What is thedivision's profit marginratio?

25%

60%

400%

15%

Posted Date: Jun 25, 2024 09:12 PM

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Assume the Residential Division of Kitridge Kitridge Faucets had the following results lastyear: Net sales $3,060,000 Operating

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