Question
The Pastry Division of Dream Bread has invested capital of $1,300,000. During the past year, the Pastry Division reported sales of $1,200,000 and earned $400,000
The Pastry Division of Dream Bread has invested capital of $1,300,000. During the past year, the Pastry Division reported sales of $1,200,000 and earned $400,000 of NOPAT. How much profit did the Pastry Division generate on each revenue dollar earned by the division?
A 16.0%
B 30.8%
C 33.3%
D 92.3%
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds
7th Edition
73527122, 978-0073527123
