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Cabal Products is a division of a major corporation. Last year the division had total sales of $27,170,000, net operating income of $2,662,660, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $27,170,000, net operating income of $2,662,660, and average operating assets of $8,151,000. The company's minimum required rate of return is 12%. The division's margin is closest to:
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