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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.- 12) The Top Hat Division of Blandon's Fine Menswear had
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.- 12) The Top Hat Division of Blandon's Fine Menswear had the following results last year (in 12) thousands). Sales Operating income Total assets Current liabilities $4,600,000 $690,000 $2,000,000 $200,000 Management's target rate of return is 25% and the weighted average cost of capital is 14%. What is the Top Hat Division's sales margin? C) 34.50% D) 15.00% B) 4.35% A) 230.00%
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