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Consider the following information regarding the operations of Capron Company's South division for last year: Sales $ 5,000,000 Cost of goods sold 2,200,000 Allocated corporate
Consider the following information regarding the operations of Capron Company's South division for last year:
| Sales | $ | 5,000,000 | ||
| Cost of goods sold | 2,200,000 | |||
| Allocated corporate overhead | 300,000 | |||
| Administrative costs | 920,000 | |||
| General costs | 650,000 | |||
| Tax rate | 40 | % | ||
What is the division's operating margin ratio?
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Accounting For Deferred Income Taxes
Authors: Bobby Carmichael
2nd Edition
1119724562, 9781119724568
