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Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales
Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $160,000 $1,250,000 Operating income $16,400 $230,000 Average assets $350,000 $5,500,000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.) A. 10.25% B. 4.18% C. 4.69% D. 18.40% Flagship Logistics provides the following information: Operating income $1,550,000 Net sales $14,500,000 Average total assets $1,850,000 Management's target rate of return 25% What is the company's asset turnover ratio? (Round your answer to two decimal places.) O A. 7.84 B. 12.47 C. 4.81 D. 4.26
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