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%
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%
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter11: Performance Evaluation And Decentralization
Section: Chapter Questions
Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...
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Transcribed Image Text: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%
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