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Pendant Publishing reported the following results for its Textbook Division: Sales $2,200,000 Operating income $440,000 Total assets $1,100,000 Current liabilities $1,390,000 Pendant's target rate of

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Pendant Publishing reported the following results for its Textbook Division: Sales $2,200,000 Operating income $440,000 Total assets $1,100,000 Current liabilities $1,390,000 Pendant's target rate of return is 9% and the weighted average cost of capital is 8% Its effective tax rate is 25% What is the Textbook Division's sales margin? OA. 40.00% B. 63.18% OC 20.00% D. 200.00%

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