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Cabell Products is a division of a major corporation. Last year the division had total sales of $26,050,000, net operating income of $1,745,350, and average
Cabell Products is a division of a major corporation. Last year the division had total sales of $26,050,000, net operating income of $1,745,350, and average operating assets of $6,512,500. The company's minimum required rate of return is 10%.
The division's margin is closest to:
Multiple Choice
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6.7%
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26.8%
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67.0%
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25.0%
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