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Pendant Publishing reported the following results for its Textbook Division Sales Operating income Total assets Current liabilities $2,200,000 $440,000 $1,100,000 $620,000 Pendant's target rate of
Pendant Publishing reported the following results for its Textbook Division Sales Operating income Total assets Current liabilities $2,200,000 $440,000 $1,100,000 $620,000 Pendant's target rate of return is 11% and the weighted average cost of capital is 6%. Its effective tax rate is 45%. What is the Textbook Division's sales margin? A. 20 00% OB. 28.18% C, 40.00% OD, 200 00%
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Accountants Truth Knowledge And Ethics In The Financial World
Authors: Matthew Gill
1st Edition
0199547149, 9780199547142
