Question
Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The margin is _____. A)
Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The margin is _____.
A) 12.5%
B) 25%
C) 50%
D) 200%
E) none of the above
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A History Of Accountancy In The United States
Authors: Gary John Previts, Barbara Dubis Merino
98th Edition
0814207286, 978-0814207284
