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Which one is the correct answer? Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) Management's

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Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands) Management's target rate of return is 15% and the weighted average cost of capital is 10% Its effective tax rate is 35% Sales $10,000,000 Operating income 2,000,000 Total assets 2, 500000 Current liabilities 820 000 What is the division's sales margin? 32 80% 400 00% 2000% 80 00%

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