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Fanfassy Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,610,000 Net operating income $ 1,021,380
Fanfassy Industries is a division of a major corporation. Data concerning the most recent year appears below:
| Sales | $ | 17,610,000 | |
| Net operating income | $ | 1,021,380 | |
| Average operating assets | $ | 4,780,000 | |
The division's margin is closest to:
28.4%
22.6%
21.4%
5.8%
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The Auditor Quo Vadis
Authors: Mervyn King, Linda De Beer
1st Edition
1138496774, 978-1138496774
