What is the division's margin on these general accounting question? Aguilera Industries is a division of a major corporation. Dataconcerning the most recent year appears below:SalesNet operating income$24,000,000$1,752,000Average operating assets $6,000,000The division's margin is:A. 32.3%B. 7.3%C. 29.296D. 25.09%

Step 1: Define Profit MarginProfit margin is a financial ratio that can be calculated for gross…

Answered: Aguilera Industries is a division of a…

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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Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $24,000,000 $1,752,000 Average operating assets $6,000,000 The division's margin is: A. 32.3% B. 7.3% C. 29.296 D. 25.09%