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Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: Sales $6,400,000 Operating income $2,240,000 Total assets $3,200,000 Current liabilities $350,000
Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows:
| Sales | $6,400,000 |
| Operating income | $2,240,000 |
| Total assets | $3,200,000 |
| Current liabilities | $350,000 |
| Required rate of return | 10% |
| Weighted average cost of capital | 3% |
What is the Photocopier Division's sales margin?
| 5.47% | ||
| 70.00% | ||
| 35.00% | ||
| 200.00% |
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ISE Financial Accounting
Authors: Robert Libby, Patricia Libby, Frank Hodge Ch
11th Edition
1265083924, 9781265083922
