Accelerated Logistics provides the following information: Operating income $1,600,000 $15,000,000 $1,800,000 Net sales Average total assets Management's target rate of return 25% What is the company's profit margin ratio? (Round your answer to two decimal places.) O A. 12.00% B. 88.89% c. 27.90% D. 10.67%

Accelerated Logistics provides the following information: Operating income $1,600,000 $15,000,000 $1,800,000 Net sales Average total assets Management's target rate of return 25% What is the company's profit margin ratio? (Round your answer to two decimal places.) O A. 12.00% B. 88.89% c. 27.90% D. 10.67%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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