Question
t25 Cabell Products is a division of a major corporation. Last year the division had total sales of $12,270,000, net operating income of $834,360, and
t25
Cabell Products is a division of a major corporation. Last year the division had total sales of $12,270,000, net operating income of $834,360, and average operating assets of $3,190,200. The company's minimum required rate of return is 12%.
The division's margin is closest to:
Multiple Choice
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6.8%
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26.2%
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56.7%
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26.0%
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall, Foster Horngren, Data Horngren
3rd Canadian Edition
0130355801, 978-0130355805
