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Cabal Products is a division of a major corporation. Last year the division had total sales of $20,070,000, net operating income of $1,063,710, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $20,070,000, net operating income of $1,063,710, and average operating assets of $4,415,400. The company's minimum required rate of return is 16%. |
The division's margin is closest to: (Round your answer to 1 decimal place.) |
24.1%
5.3%
33.1%
22.0%
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