Provide correct solution Aguilera Industries is a division of a major corporation. Data concerning the mostrecent 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…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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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%